SCI Eyes JV For Diversification
Shipping Corporation of India (SCI) is eyeing joint ventures in order to diversify its footprints in other related areas.
Through the JVs, SCI is looking at enterting port terminal management, feeder routes, in-railway transportation of containers and inland container depots at cargo freight stations (CFS).
It may go in for a 20:80 financing structure in its new ventures, where equity will be 20%.
Shares of the company gained Rs 6.65, or 3.06%, to end at Rs 224. The total volume of shares traded was 95,760 at the BSE (Thursday).
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