The Shipping Corporation of India (SCI) represents a unique play on India’s rising LNG dependence, says a new report on the company.
“SCI hauls in excess of 60% of the LNG imported into India through its LNG ventures,” say Bhavin Gandhi and Jinit Mehta of Mumbai-based B&K Securities.
The two analysts have just reinitiated coverage of India’s largest shipowner with a target price of INR 143 ($2.20)
