Corporate Actions
Shipping Corp gains after signing shipbuilding pact with Mazagon Dock for methanol dual-fuel PSV

18-Mar-26   14:54 Hrs IST

The proposed PSV will be the first vessel in SCI's fleet designed to operate on alternate fuel'green methanol'marking a significant step towards sustainable shipping.

The development aligns with the government's push for green maritime initiatives under the National Green Hydrogen Mission (NGHM).

Shipping Corporation of India is engaged in the business of transporting goods and passengers. The company reported a 436.24% surge in consolidated net profit to Rs 404.97 crore in Q3 FY26, compared with Rs 75.52 crore in Q3 FY25. Revenue from operations increased 22.5% year-on-year to Rs 1,611.67 crore for the quarter ended 31 December 2025.

Mazagon Dock Shipbuilders is principally engaged in building and repairing ships, submarines, various types of vessels, and related engineering products for its customers. On a consolidated basis, net profit of Mazagon Dock Shipbuilders rose 9.01% to Rs 879.78 crore while net sales rose 14.55% to Rs 3601.09 crore in Q3 December 2025 over Q3 December 2024. The scrip added 4.05% to Rs 2,457.90 on the BSE.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.