Alice Blue Home
URL copied to clipboard

Trending News

Shipping Corporation of India: Stock jumps 8% after signing MoU with BPCL, HPCL and IOCL

The Shipping Corporation of India Ltd signed a MoU with BPCL, HPCL, and IOCL to jointly operate vessels, enhancing India’s shipping capacity and energy security.

Introduction

Leading Indian shipping initiative partners with BPCL, HPCL, and IOCL to jointly acquire and operate vessels for petroleum, petrochemicals, and hydrocarbon transport, strengthening coastal shipping, international trade, and national energy security.

Alice Blue Image

Also Read: RailTel: Stock jumps after securing ₹18 Cr contract from Dredging Corporation

Share price movement of Shipping Corporation of India

On September 22, 2025, Shipping Corporation of India Ltd opened at ₹224.15, up 2.15% from its previous close of ₹219.30. The stock reached a high of ₹237.10 (8.11%) and a low of ₹224.15. By 1:50 PM, it traded at ₹229.80, a 4.79% increase, with a market cap of ₹10,704.06 crore.

SCI Signs MoU with BPCL, HPCL, IOCL

The Shipping Corporation of India Ltd (SCI) signed a Memorandum of Understanding with BPCL, HPCL, and IOCL to jointly acquire, own, operate, and manage vessels for petroleum and petrochemical transport.

The collaboration supports Atmanirbhar Bharat and it aims to strengthen India’s shipping capacity. This will operate vessels for international trade and coastal transport.

Stock performance of Shipping Corporation of India for Period of 1 week, 6 months, and 1 year

Shipping Corporation of India Ltd delivered a 2.20% return over the past week. The stock gained 31.5% in the past six months but declined 14.9% over the past year.

Alice Blue Image

Also Read: Netweb Technologies: Stock jumps 5.5% after bagging ₹450Cr order for supplying Tyrone AI GPU accelerated systems

Shareholding pattern of Shipping Corporation of India

ParticularsJun 2025Mar 2025Dec 2024
Promoter63.80%63.80%63.80%
FII6.10%4.70%4.80%
DII3%3%4%
Public27.60%28.40%27.80%

About Shipping Corporation of India

Shipping Corporation of India Ltd (NSE: SCI) is India’s largest shipping company, operating a diversified fleet of cargo, tanker, container, passenger, LPG, and offshore vessels, providing transport services for goods and passengers nationwide.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Shipping Corporation of India Ltd share price going up today?

A: Shipping Corporation of India Ltd share price rose after signing a MoU with BPCL, HPCL, and IOCL to jointly operate vessels.

Q: How much stake do promoters hold in Shipping Corporation of India Ltd stock?

A: Promoters hold 63.80% stake in Shipping Corporation of India Ltd stock.

Q: What is the 52-week high and low of Shipping Corporation of India Ltd stock?

A: Shipping Corporation of India Ltd stock has a 52-week high of ₹274.35 and a low of ₹138.25.

Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News

*T&C apply