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Feb. 13 is last date for bids; SCI saw ₹348 crore profit in FY20
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The Centre holds 63.75% stake in the enterprise and the remaining 36.25% is owned by various others. H. Vibhu
Feb. 13 is last date for bids; SCI saw ₹348 crore profit in FY20
The Centre on Tuesday invited expression of interest (EoI) for the disinvestment of its entire 63.75% shareholding in the Shipping Corporation India Limited (SCIL) along with the handing over of its management control. Potential bidders have time until February 13 to submit their interest.
The SCIL was incorporated in 1961 and owns a fleet of 59 vessels, including two container vessels, 13 crude oil tankers and eight off-shore supply vessels. It has been a profitable commercial venture and garnered ₹347.5 crore in profit in FY20. The remaining 36.25% stake is jointly owned by mutual funds, banks, insurance companies as well as individuals, according to the pre-bid document. Any private or public limited