Annual Report

Overview

The report highlights the performance of The Shipping Corporation of India Ltd. (SCI) for the fiscal year 2019-2020. Despite the challenges posed by the COVID-19 pandemic, the company achieved a standalone net profit of Rs. 302.35 crores, reversing a net loss from the previous year, and recorded its highest operating revenue of the decade. SCI successfully transitioned to IMO's 0.5% sulphur fuel regulation on January 1, 2020, ensuring its fleet remains compliant. Additionally, the company returned to paying dividends after an eight-year gap and actively supported national COVID-19 relief efforts through employee contributions and CSR funds.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2019
Period: Ends 31 March 2020
Language: English
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