Shipping Corporation's real estate assets kept out of proposed privatisation
Last week, the board of Shipping Corp met and approved an updated demerger scheme for hiving off the non-core assets of SCI to Shipping Corporation of India Land and Assets Ltd (SCILAL), including Shipping House in Mumbai and MTI (Maritime Training Institute) in Powai, to complete the process of de-merging all non-core assets to the new company SCILAL.