Acquisitions4 Jul 2025, 07:34 pm
Shipping Corporation of India Ltd Acquires Two VLGC Vessels
AI Summary
Pursuant to Regulation 30 read with Schedule-lll of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shipping Corporation of India Ltd (SCI) has executed a Memorandum of Agreement (MoA) on July 4, 2025 for the acquisition of two second-hand Very Large Gas Carriers (VLGCs) with a cargo carrying capacity of approximately 82,000 CBM each. These vessels are expected to be inducted into SCI’s fleet during the current quarter of FY 2025-26. This move is part of SCI’s business expansion plans and to augment the Company’s tonnage capacity.
Key Highlights
- SCI to acquire two second-hand VLGC vessels
- Cargo carrying capacity of approximately 82,000 CBM per vessel
- Expected to be inducted into SCI’s fleet in the current quarter of FY 2025-26
- Acquisition is part of SCI’s business expansion plans
- Aimed at augmenting the Company’s tonnage capacity