The Shipping Corporation of India (SCI) has responded to rumors circulating about the launch of a new container shipping line. SCI clarified that it is exploring possible business collaborations with Central Enterprises, State Enterprises, and Private Entities, in accordance with a previous announcement. The company is committed to informing the exchanges regarding any significant developments.
Clarification on Container Shipping Line Rumors
Shipping Corporation of India (SCI) has addressed recent speculation regarding the launch of a new container shipping line, which was triggered by a news item dated January 25, 2026. The company’s stock price reportedly increased by 5.05% to Rs 212.00 on January 27, 2026 from Rs. 201.80 amid these rumors.
SCI’s Stance on Business Collaborations
SCI confirms that it is exploring potential business collaborations with Central, State, and Private Enterprises. This initiative was initially approved by the Board of Directors during a meeting on July 24, 2024. The company is required to obtain approvals from Competent Authorities, and any further material developments will be duly reported to the Stock Exchange(s).
Commitment to Transparency
SCI emphasizes its commitment to adhering to Corporate Governance policies and promptly informing the Stock Exchanges of all relevant events and information. The company will continue to disseminate all necessary information in a timely manner, as per the regulations, and ensure it is available on the company’s website.
Source: BSE
