17 Feb 2025

Shipping Corporation of India Rises to Rs. 155, Signs Strategic MoU with BPCL

Shipping Corporation of India (SCI) is currently trading at Rs. 155.00, marking an increase of 0.60 points or 0.39% from its previous closing of Rs. 154.40 on the BSE.

The stock opened at Rs. 154.30 and reached a high of Rs. 157.05 and a low of Rs. 149.60. A total of 2,61,553 shares have been traded so far.

The BSE 'A' group stock, with a face value of Rs. 10, hit its 52-week high of Rs. 384.80 on July 12, 2024, and a 52-week low of Rs. 149.60 on February 17, 2025. Over the past week, it recorded a high of Rs. 183.40 and a low of Rs. 149.60. The company's market capitalization currently stands at Rs. 7,210.57 crore.

In terms of shareholding, promoters hold 63.75%, while institutions and non-institutions hold 8.42% and 27.83%, respectively.

SCI has signed a Memorandum of Understanding (MoU) and a Non-Disclosure Agreement (NDA) with Bharat Petroleum Corporation (BPCL) to explore a strategic alliance in the shipping sector. Both companies will work together to develop a detailed roadmap, operational model, and structure for the proposed partnership.

This collaboration is expected to enhance India's shipping and energy logistics infrastructure, positioning SCI as a world-class international shipping company.