Shipping Corporation's Fleet Health Affects Potential Sale

17 Jun 2024 CW Team

The financial health of Shipping Corporation of India's fleet has become a critical factor impacting its potential sale, complicating efforts to privatise the state-owned shipping giant. With a fleet comprising various vessels, the corporation's sale prospects hinge on addressing operational challenges and enhancing fleet efficiency amidst volatile market conditions.

Shipping Corporation of India (SCI), a key player in India's maritime sector, faces significant hurdles in attracting buyers due to the ageing condition of its fleet and ongoing operational losses. The corporation operates a diverse fleet, including bulk carriers, tankers, and container vessels, which require substantial maintenance and modernization to remain competitive in the global shipping market.

Efforts to privatise SCI have been part of the government's broader strategy to reform India's public sector enterprises and encourage private sector participation in the maritime industry. However, the corporation's financial performance and fleet condition pose challenges in attracting potential investors interested in acquiring a stake in the company.

The privatisation process involves evaluating SCI's assets, liabilities, and market position to determine a viable sale strategy that maximises value for stakeholders. Addressing fleet health issues, including vessel maintenance and operational efficiencies, is crucial to enhancing SCI's market appeal and ensuring a smooth transition to private ownership.

Government officials and stakeholders continue to explore options to improve SCI's financial health and operational efficiency as part of the privatisation agenda. The outcome of these efforts will influence the future direction of India's maritime sector and the role of private investment in shaping its competitiveness on the global stage.

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..