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TCI plans to boost coastal shipping biz
Mint Mumbai
|May 29, 2026
Transport Corporation of India Ltd (TCI) is stepping up investments in its coastal shipping business with plans to induct new vessels and add capacity over the next few years, betting on rising demand for multimodal logistics and lower-cost freight movement.
The Gurugram-based logistics and supply chain management company has planned a capital expenditure (capex) of ₹550-600 crore in FY27, sharply higher than the ₹370 crore spent last year, with nearly half earmarked for ship acquisitions, managing director Vineet Agarwal said in an interview.
“We will be spending about ₹200-250 crore that will go towards making final payment for acquiring the two new ships coming from China. The ships will be delivered this year in the third and fourth quarters,” Agarwal said.
The company is also evaluating additional vessel purchases for the next financial year and is exploring opportunities to acquire second-hand ships to further strengthen its fleet.
Diese Geschichte stammt aus der May 29, 2026-Ausgabe von Mint Mumbai.
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