Shipping Corporation of India (SCI), India's largest shipping services firm, is planning to raise $500-600 million through external commercial borrowings (ECB) in FY12 to fund its expansion plans.
The company has already set aside Rs 3,760 crore of capex for FY12 and is expected to add 17 ships during the year to its existing fleet of 79 vessels. The company typically funds 80% of its annual capex through borrowings.
Shipping Corporation of India (SCI) is India’s premier shipping line having a major presence on the global maritime map. The company is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.
Company Name | CMP |
---|---|
Shipping Corpn. | 258.00 |
GE Shipping | 1221.00 |
Dredging Corp | 879.00 |
Seamec | 1380.00 |
Shreyas Shipping | 320.00 |
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