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Press Information Bureau
Government of India
Ministry of Ports, Shipping and Waterways
14 DEC 2021 5:05PM by PIB Delhi
REVENUE AND EMPLOYMENT GENERATED BY SHIPPING CORPORATION OF INDIA

The details of revenue generation and employments of the Shipping Corporation of India (SCI) for the financial year 2016-17 to 2020-21, year-wise;

                                

                                                                          Rs. Crores

Particulars

2016-17

2017-18

2018-19

2019-20

2020-21

Total

Revenue

3,592.60

3,617.50

4,105.20

4,668.39

3828.81

PAT

142.3

253.8

(122.0)

302.4

618.10

 

                                                                                                             No. of employees

FY

Fleet

Shore

Total

Regular

On Direct Contract & Manning Agent

Regular (31st March)

On contract & retainer (31st March data)

2020-21

1292

1315

602

28

3237

2019-20

1371

1320

647

29

3367

2018-19

1499

1435

684

33

3651

2017-18

1569

1412

729

34

3744

2016-17

1573

1396

775

28

3772

 

 

CCEA in its meeting held on 20.11.2019 accorded ‘in-principle’ approval for strategic disinvestment of Government of India’s shareholding of 63.75% in Shipping Corporation of India Ltd. (SCIL) along-with transfer of management to a strategic buyer. Preliminary Information Memorandum (PIM) / Expression of Interest (EOI) was floated on 22.12.2020 for strategic divestment of entire 100% shareholding of Government of India (“GOI”) equity stake of 63.75% in Shipping Corporation of India Limited (“SCIL”). Multiple EoIs were received by the last date and time of submission of EoIs. Shortlisting of eligible bidders were done by Transaction Advisor appointed through a transparent confidential process. Virtual Data Room (VDR) access to the Qualified Interested Bidders (QIBs) has been provided and the process of due diligence started. Request for Proposal (RFP), Confidential Information Memorandum (CIM) along-with draft SPA were shared with QIBs inviting comments on draft Share Purchase Agreement (SPA).

 

This information was given by Union Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal in a written reply in Rajya Sabha today.

 

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