Shipping Corporation of India Ltd (SCIL) along with transfer of management control. At current market price, government can raise around ₹2500 crore from the stake sale.As the country’s premier shipping line, SCIL owns and operates around one third of the Indian tonnage and has operating interests in practically all areas of the shipping business servicing both national and international trades.
SCIL is primarily engaged in the activates of transporting goods and passengers with its own fleets including bulk carriers, crude oil tankers, LPG carriers, product tankers, container vessels, passenger cum cargo vessels and offshore supply vessels.