22 Sep 2025 | 3 Mins Read
PSU stock rises 8% after signing MoU with major oil corporations
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Shares of Shipping Corporation of India Ltd. (SCI) rallied ~8% after the PSUs signed an MoU with BPCL, HPCL, and IOCL to jointly build, own, and operate vessels for the transport of petroleum, petrochemicals and other hydrocarbons. The deal aims to enhance India’s shipping capacity and energy security