Transport Corporation of India gains on inking agreement for two cellular container vessels
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Transport Corporation of India is currently trading at Rs. 799.10, up by 10.30 points or 1.31% from its previous closing of Rs. 788.80 on the BSE.
The scrip opened at Rs. 780.80 and has touched a high and low of Rs. 800.85 and Rs. 773.05 respectively. So far 920 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 862.20 on 21-Sep-2023 and a 52 week low of Rs. 556.05 on 23-Dec-2022.
Last one week high and low of the scrip stood at Rs. 846.95 and Rs. 773.05 respectively. The current market cap of the company is Rs. 6115.42 crore.
The promoters holding in the company stood at 68.94%, while Institutions and Non-Institutions held 15.45% and 15.61% respectively.
Transport Corporation of India has entered into agreement with the consortium of sellers lead by Nakanishi Shipbuilding, Japan. The agreement is for building of two Cellular Container Vessels having Dead Weight Capacity (DWT) of around 7300 MT each for a contract price of around $34 million.
The vessels shall be delivered to the company, in accordance with the Specifications and with all Classification and Statutory Certificates and acceptance by the Company in accordance with the provisions of the contract on or before June 30, 2026, unless otherwise mutually agreed.
Transport Corporation of India (TCI group) is India’s leading integrated multimodal logistics and supply chain solutions provider.
