Shipping Corporation Targets ₹2,000 Cr FY27 Profit

Shipping Corporation of India

is targeting more than ₹2,000 crore in profit after tax (PAT) for FY27, according to Union Minister Sarbananda Sonowal. Fleet Expansion Plans SCI currently has 58 vessels in its fleet and plans to significantly expand its capacity. The company is looking to: - Induct around 30 additional vessels - Procure more than 34 vessels through joint ventures with companies in the petroleum sector Collaborate with CONCOR and four major ports to add 51 container vessels The planned expansion is aimed at increasing SCI's fleet capacity and strengthening its presence across shipping segments. Profit Target for FY27: - SCI reported standalone PAT of ₹1,352.92 crore in FY26 on standalone operating revenue of ₹5,778.1 crore. - According to the minister, SCI had already recorded more than ₹600 crore PAT in Q1 FY27, supporting the company's stated expectation of exceeding ₹2,000 crore PAT for the full financial year. - The fleet expansion, including the proposed container-vessel additions and petroleum-sector joint ventures, forms part of SCI's broader strategy to increase its shipping capacity. Disclaimer: This content is for educational and informational purposes only and should not be considered investment advice or a recommendation to buy or sell any security. Investors should conduct their own research and consider their risk profile before making any investment decision.