SCI Plans Rs 198.2 Billion Order For 26 India-Made Ships

14 Aug 2025 CW Team

State-owned Shipping Corporation of India (SCI), the nation’s largest shipping line, is preparing to purchase 26 India-built vessels worth Rs 198.2 billion (USD 2.3 billion) as part of a government initiative to strengthen the domestic shipbuilding industry, according to people familiar with the matter.

The planned vessels will have a combined internal volume of 1.18 million gross tonnes, with deliveries staggered over several years. This move aligns with a broader procurement push by buyers in India’s petroleum and natural gas, steel, and fertiliser sectors. Together with SCI, they intend to acquire 207 ships valued at nearly Rs 1.5 trillion. The initiative is linked to an existing plan to purchase 112 crude carriers by 2040, as India — the world’s third-largest oil importer — seeks to expand its fleet capacity.

The addition of these vessels will significantly boost SCI’s current fleet of 55 ships, which includes tankers, bulk carriers, liners, and offshore supply vessels. Neither SCI, the shipping ministry, nor the Press Information Bureau has commented publicly on the matter.

Earlier this year, the government announced a Rs 250 billion fund to support the maritime sector, aiming to reduce dependence on foreign-built ships and promote indigenous shipbuilding. India plans to increase the share of locally built tankers from 5 per cent today to 7 per cent by 2030, with an ambitious target of nearly 70 per cent by 2047, the year it aims to achieve developed nation status. The strategy is intended to create captive demand for domestic shipbuilders, stimulate investment, and attract global shipyards from countries such as Japan and South Korea.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..