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Hot Pursuit Back
Shipping Corp gains after signing shipbuilding pact with Mazagon Dock for methanol dual-fuel PSV
(18 Mar 2026, 14:54)

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.

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