The Shipping Corporation of India (SCI) is one of the largest Indian shipping companies, focusing on transporting goods via bulk carriers, tankers, container vessels, and offshore supply.

SCI reported significant net profits for Q2 FY26, with a standalone profit of Rs. 176 crores and a consolidated profit of Rs. 189 crores, supported by a robust cash position of Rs. 1875 crores.

The acquisition of two new VLGCs, 'Sahyadri' and 'Shivalik', enhances SCI's energy transport capabilities, demonstrating strategic capacity growth in the energy shipping sector.

A strategic MoU with leading oil PSUs aims to bolster India's shipping capacity and energy security by jointly managing and operating a fleet dedicated to transporting petroleum and petrochemical products.

SCI is actively pursuing capacity expansion with a pipeline of approximately 59 new vessels over five years, which could potentially triple its current revenue, evidencing robust growth and scale plans.