Shares in state-owned Shipping Corp of India have been propelled to record levels after a report emerged of a potential joint venture to build VLCCs in India.
India’s ministry of shipping has proposed a tie-up between SCI and the country’s biggest refiner, Indian Oil Corp, on the project, the Mint website reported, citing three sources close to the matter.
But SCI said the claims were rumours and that it sticks to strict rules about disclosing market-moving information, NDTV reported.
