+
 SCI Plans Rs 198.2 Billion Order For 26 India-Made Ships
PORTS & SHIPPING

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

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. 

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. 

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code