Page 3 - Shipping Corporation Of India

5,400 acres of land parcels of PSUs may be monetised through new SPV

These would be land of state-owned units under divestment and those that the Centre has decided to shut

Govt aims to privatise 5-6 PSUs in FY22, LIC IPO expected by Q4: DIPAM Secy

Tuhin Kanta Pandey said the government is aiming to close the privatisation of BEML and Shipping Corp of India in FY22

SCI, BPCL among CPSEs to be privatised in FY23; 3 IPOs lined up: DIPAM Secy

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year, which is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22

Shipping Corp's profit jumps 136.8% to Rs 311.5 cr in December quarter

The company had posted a consolidated profit of Rs 131.57 crore in the corresponding quarter of the previous financial year, Shipping Corporation of India said in a filing to the BSE

Timeline for mandatory use of Indian flag on SCI vessels may be shortened

Tax implication of bearing the flag has been a sticking point for suitors

Air India disinvestment: Privatisation-bound BPCL, SCI can rally up to 15%

SpiceJet seems to be in a trading range, while Container Corporation of India is holding above its key support level

Megha Engineering and Infrastructure sees prospects in PSU disinvestments

The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML

Disinvestment: Shipping Corp opens virtual data room for potential bidders

Disinvestment-bound Shipping Corporation of India on Monday said it has opened the virtual data room for potential bidders.

Fear of unknown grips govt's privatisation plan with second Covid wave

Despite the uncertainty and unpredictability on how things will unfold, Centre is hopeful of completing transactions listed in Budget with a delay of one to two months

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

Sensex gains for 2nd day; ends 447 pts up at 50,297; auto, IT stocks rally

Broader markets outperformed the benchmark indices, highlighting underlying strength in the market. The S&P BSE MidCap and SmallCap indices ended 1.55 per cent & 1.6 per cent higher, respectively

Shipping Corp surges 19% as govt gets multiple bids for privatisation

DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India

Govt gets multiple bids for Shipping Corporation of India privatisation

The last date for submitting the bids was February 13, which was later extended to March 1

Govt's divestment plan for Shipping Corp is not going to be easy sailing

An asymmetric tax policy and the Navaratna's own fleet quality could make potential buyers wary

Govt invites bids for sale of its 63.75% stake in Shipping Corporation

Non core assets of the company are being hived off and will not be a part of the sale

Top headlines: Govt moves to privatise shipping firm; a new unicorn is born

Business Standard bring you top news of the evening

Indian govt invites bids to sell its 63.75% stake in Shipping Corporation

The Indian government invited bids to sell its 63.75% stake in Shipping Corporation of India to a private investor, in a key asset sale that was delayed due to the coronavirus pandemic

Sensex cracks 1,407 pts as Covid-19 fears resurface; Nifty holds 13,300

InterGlobe Aviation and SpiceJet sunk up to 10 per cent on the BSE after India suspended flights from the UK till December 31

Shipping Corp up 7% on report govt may invite EoIs for divestment this week

The government is likely to invite bids this week for the privatisation of the SCI, with buyers getting time till mid-February to submit their EoIs, according to a report

Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control