22 Sep 2025 | 5 Mins Read
India's shipping stock surge linked to GRSE, SCI on Monday
Flipitmoney
The Ministry of Finance grants "infrastructure status" to large ships. Indian-owned/flagged ships with 10,000+ gross tonnage and Indian-built ships with 1,500+ gross tonnage qualify. Shipping companies SCI, GRSE, and Cochin Shipyard gain up to 5% as Garden Reach Shipbuilders shares surge 4.7% after signing a $62.44 million contract with Carsten Rehder Schiffsmakler.