Shipping Corporation Sale Faces Collapse

08 Aug 2024 CW Team

The sale of the Shipping Corporation of India (SCI) is on the verge of collapse as potential bidders are reported to be losing interest. The planned divestment of the state-owned enterprise, a significant player in India?s shipping sector, has encountered hurdles, jeopardizing its successful completion.

Initial enthusiasm for the privatization of SCI has waned, primarily due to concerns over the company's financial health and the challenging market conditions. Potential bidders have cited uncertainties related to the corporation's debt levels and the potential liabilities associated with the sale as major deterrents.

The Indian government, which has been seeking to privatize SCI as part of its broader disinvestment strategy, faces mounting pressure to address these concerns and revive interest. The sale was intended to streamline operations, boost efficiency, and inject new capital into the company to enhance its competitive position in the global shipping market.

Efforts are underway to reassess the terms of the sale and attract renewed interest from investors. However, with the current trajectory, the future of the divestment process remains uncertain. The outcome will significantly impact India?s shipping industry and its strategic goals for maritime logistics and trade.

Infrastructure Energy

03 Dec 2025

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

ABB India Unveils ACS380-E Drive for High-Performance Automation

ABB India has launched the ACS380-E drive, a next-generation machinery drive designed for automation-centric machine building, adding to its all-compatible drive portfolio. The solution simplifies machine integration and is future-proofed for industrial automation with advanced connectivity, faster commissioning and built-in cybersecurity capabilities.The ACS380-E features integrated dual Ethernet ports for plug-and-play communication with all major industrial automation networks, eliminating the need for separate modules and reducing installation complexity. The drive also supports fast USB-C..

Cement Makers Positive on H2 Demand Outlook

The leading cement producers have posted high single-digit volume growth and better sales realisation in the July–September quarter, setting a positive tone for the second half of FY26. Companies are upbeat on demand prospects, supported by a strong housing sector and continued government spending on major infrastructure projects. UltraTech, Ambuja Cement, Shree Cement, Dalmia Bharat and Nuvoco Vistas recorded revenue growth of up to 18 per cent in the September quarter. The rise was driven by firm realisations, softer input costs and an increased share of premium products. With coal price..