Shipping Corporation of India gains on inking MoU with BPCL
Shipping Corporation Of India is currently trading at Rs. 155.00, up by 0.60 points or 0.39% from its previous closing of Rs. 154.40 on the BSE.
The scrip opened at Rs. 154.30 and has touched a high and low of Rs. 157.05 and Rs. 149.60 respectively. So far 261553 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 384.80 on 12-Jul-2024 and a 52 week low of Rs. 149.60 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 183.40 and Rs. 149.60 respectively. The current market cap of the company is Rs. 7210.57 crore.
The promoters holding in the company stood at 63.75%, while Institutions and Non-Institutions held 8.42% and 27.83% respectively.
Shipping Corporation of India (SCI) and Bharat Petroleum Corporation (BPCL) have signed a Memorandum of Understanding (MoU) and a Non-Disclosure Agreement (NDA) to explore the formation of a strategic alliance in the shipping sector.
As part of this initiative, both companies will develop a comprehensive roadmap, structure, and operating model for the proposed strategic alliance /entity. This collaboration marks a significant step toward strengthening India’s shipping and energy logistics infrastructure through a well-structured and strategic partnership.
Shipping Corporation of India possesses all the ingredients essential for emerging as a truly world class international shipping company.
