Question : Shipping Corporation of India Ltd.

(a) the details of the market share and profitability of
Shipping Corporation of India Ltd. (SCI) during each
of the last three years and the current year;

(b) whether the Government has proposed strategic sale
of SCI and if so, the details thereof along with the
reasons therefor;
(c) the estimated amount likely to be received as a
result thereof;
(d) whether the Government has initiated any dialogue
with the employees unions and other stakeholders in
this regard; and
(e) if so, the details thereof along with the outcome
thereof?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF SHIPPING
SHRI PON. RADHAKRISHNAN)

(a) Share of SCI’s fleet in the Indian tonnage in terms of Dead Weight Tonnage (DWT) stands at about 33% as on 30.6.2017 (5.980 million DWT out of total Indian tonnage of 18.154 million DWT). The profitability of the SCI for the last three years and current year is as under:-
(Rs. in crores)
Year 2014-15 2015-16 2016-17 2017-2018
Profitability
(Profit After Tax) 200.93 377.29 135.52 Financial results have not been declared.

(b) No, Madam. Ministry of Shipping has not proposed strategic sale of government share in SCI.

(c)to(e):Does not arise.

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