India’s oil giants, SCI set to launch shipping JV by December
SCI is on track to formalise a landmark joint venture with India's oil majors including IOCL, BPCL, and HPCL by December 2025. With this, the JV aims to immediately begin procuring a dedicated fleet of vessels for fuel transportation. The JV aims for joint ownership, acquisition, operation, & management of specialised vessels to strengthen India's energy logistics and maritime self-reliance.