DPGC and others bid for Shipping Corporation of India

12 Mar 2021 CW Team

Darwin Platform Group of Companies (DPGC) has placed a bid for Shipping Corporation of India (SCI). The Department of Investment and Public Asset Management (DIPAM) had invited expressions of interest (EoI) for the strategic disinvestment of its entire 63.75% stake in SCI along with the transfer of management till March 1.

There are multiple bidders in the transaction to acquire SCI. London-based Foresight Group International has also joined hands with two other global shipping companies to submit an EoI for the SCI. Apart from the Foresight Group's flagship company Foresight Offshore Drilling Ltd, the consortium includes Dubai-based shipping company GMS DMCC and Belgium-listed shipping company Exmar NV.

DPGC operates in several sectors, including healthcare, banking, avitronics, retail, energy, realty, information technology, and mass media.

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Last year in November, the Union Cabinet gave its in-principle approval for strategic divestment of SCI and Container Corporation of India Ltd. However, the plans were delayed due to the pandemic.

In the Budget speech 2021, Finance Minister Nirmala Sitharaman had said a number of transactions, namely Shipping Corp of India (SCI), Bharat Petroleum Corporation Ltd (BPCL), Container Corp of India, Air India, BEML Ltd, Neelachal Ispat Nigam Ltd, IDBI Bank, Pawan Hans among others would be completed in 2021-22.

For 2021-22, the centre has set a disinvestment target of Rs 1.75 lakh crore. The target has been set at Rs 32,000 crore for the current fiscal in the revised estimates.

DPGC is an Indian global business conglomerate with a $6.4 billion net worth.

Image Source

Also read: Union Cabinet clears new divestment policy

Also read: What is strategic about disinvestment?

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..