SCI Anchors India’s Maritime Ambitions..

Shipping Corporation of India (SCI) celebrated its 65th anniversary with Union Minister Sarbananda Sonowal calling it the “anchor of India’s maritime ambitions.” The PSU plans to expand its fleet and expects FY27 profit to cross ₹2,000 crore, up from ₹1,352.9 crore last year. ⚓ Key Highlights from the 65th Anniversary Event Event Date: October 3, 2026, at Mumbai International Cruise Terminal. Chief Guest: Sarbananda Sonowal, Minister of Ports, Shipping & Waterways. Theme: Maritime Amrit Kaal Vision 2047 — India’s roadmap to become a top shipbuilding and ship-owning nation. Fleet Expansion: SCI has grown from 19 vessels (1961) to 58 vessels totaling 5.26 million DWT. Profit Outlook: FY27 PAT expected > ₹2,000 crore, compared to ₹1,352.9 crore in FY26. Business Segments: Crude/product tankers, bulk and container shipping, LPG/LNG carriers, offshore services, passenger transport, and ship management. 📈 Financial & Operational Snapshot Metric FY26 FY27 (Projected) Revenue ₹18,500 crore ₹20,000+ crore (expected) PAT ₹1,352.9 crore ₹2,000+ crore Fleet Size 58 vessels 60+ vessels (target by FY27 end) EBITDA Margin 47.8% Expected to remain above 45% SCI’s strong Q1 FY27 results already showed net profit of ₹620 crore and EBITDA margin of 47.79%, signaling robust operational efficiency. 🛳️ Strategic Vision Domestic Shipbuilding Push: SCI will collaborate with Indian shipyards to build new tankers and LNG carriers locally. Energy Security Role: The company played a key role during the Strait of Hormuz crisis, ensuring uninterrupted crude transport. Government Backing: SCI’s expansion aligns with Viksit Bharat and Atmanirbhar Bharat initiatives. Privatization Pause: The earlier divestment plan is under review; the government may remerge SCI with its land arm to strengthen maritime infrastructure. 🧭 Market & Investor Sentiment Stock Price: Around ₹267.05, down 1.28% on October 4, 2026.