Shipping Corporation Of India Limited has informed the Exchange regarding 'Intimation on execution of Memorandum of Agreement (MOA) for the acquisition of Two VLGC vessels.'.
SCI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.2 pts more than Nifty Smallcap 250 and 3.1 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shipping Corporation of India (SCI) has signed a Memorandum of Agreement to buy two second-hand Very Large Gas Carriers (VLGCs), each with a cargo capacity of about 82,000 cubic metres. The deal was executed on July 4, 2025, and the vessels are expected to join SCI's fleet within the current quarter of FY 2025-26. This move is part of SCI's broader plan to grow its business and increase its overall tonnage capacity. VLGCs are used to transport liquefied petroleum gas (LPG) and other gas products in bulk across long distances.
This is a positive fleet expansion move that strengthens SCI's presence in the gas carrier segment. Adding two VLGCs should boost revenue potential and market share in the LPG shipping business, though financial details (purchase price) were not disclosed.