The state-run Shipping Corporation of India on Friday said that it would invest Rs 3,700 crore in the ongoing fiscal to acquire 24 new vessels across categories, Worldmaritimenews reports.
“Our capital expenditure for 2011-12 is Rs 3,700 crore and this will be used for acquiring 24 vessels,” SCI Finance Director B K Mandal told the company’s 61st annual general meeting here.
The 24 ships will be equally spread across categories like bulk carriers, crude carriers, etc, in which, the company operates, he said.
“Our capital expenditure for 2011-12 is Rs 3,700 crore and this will be used for acquiring 24 vessels,” SCI Finance Director B K Mandal told the company’s 61st annual general meeting here.
The 24 ships will be equally spread across categories like bulk carriers, crude carriers, etc, in which, the company operates, he said.