+
DPGC and others bid for Shipping Corporation of India
PORTS & SHIPPING

DPGC and others bid for Shipping Corporation of India

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?

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 202117-18 March Click for event infoLast 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?

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?