Foresight Group eyeing Shipping Corporation of India for its LNG business

The group, in a consortium with Belgium's Exmar NV and Dubai-based GMS, is a preliminary bidder for the national carrier as govt looks to privatise SCI by selling 63.75% stake

In a bid to help strengthen the country’s gas infrastructure, London-based shipping firm Foresight Group is eyeing Shipping Corporation of India (SCI), to make it a leading liquefied natural gas (LNG) carrier in the world.

“With India having set target to increase its gas contribution in the energy basket, we see SCI playing a major role due to its strong presence in the tanker segment. It is this segment where we see strong business potential,” Ravi Kumar Mehrotra, founder, promoter and executive chairman at Foresight Group International Limited told Business Standard.

Foresight Group, in a consortium with Belgium-based Exmar NV