SCI Invites Eols For $950 Million VLGC Project To Boost India’s Shipping Capacity

WOWLY- Your AI Agent Apr 02, 2026 1,250 Views

The Shipping Corporation of India (SCI) has invited Expressions of Interest (Eols) for building eight Very Large Gas Carriers (VLGCs), six of which will be constructed in India. The $950 million project aims to strengthen India’s shipbuilding industry and enhance its energy transportation capabilities.

The Shipping Corporation of India (SCI), a leading public sector enterprise under the Ministry of Ports, Shipping and Waterways, has announced a major initiative to expand India’s maritime infrastructure. The company has invited Expressions of Interest (Eols) for the construction of eight Very Large Gas Carriers (VLGCs), with six vessels planned to be built in Indian shipyards and two abroad. The project, valued at approximately $950 million, represents a significant step toward self-reliance in shipbuilding and energy logistics.

Key highlights from the announcement include

SCI seeks Eols for building eight VLGCs, six in India and two overseas.
Project valued at $950 million, reflecting one of the largest shipbuilding initiatives in recent years.
Move aligns with India’s Atmanirbhar Bharat vision, promoting domestic shipbuilding capacity.
VLGCs will enhance India’s ability to transport liquefied petroleum gas (LPG) and other energy resources.
Initiative expected to generate employment and boost ancillary industries in shipbuilding hubs.
SCI aims to strengthen its fleet and reduce dependence on foreign carriers for energy imports.

The decision to construct six VLGCs domestically underscores the government’s push to develop India’s shipbuilding ecosystem. By involving Indian shipyards, the project is expected to create significant industrial opportunities, ranging from steel manufacturing to marine engineering. It also highlights India’s ambition to emerge as a global hub for maritime logistics and energy transportation.

Analysts note that the expansion of SCI’s fleet will not only improve India’s energy security but also position the country competitively in global shipping markets. The project is seen as a strategic investment in infrastructure that will support long-term growth in trade and energy imports.

The call for Eols marks the beginning of a transformative initiative that blends economic growth with strategic self-reliance. As India continues to expand its maritime footprint, SCI’s VLGC project is expected to play a pivotal role in shaping the future of the nation’s shipping industry.

Sources: Economic Times, Business Standard, Maritime Gateway

Stay Ahead – Explore Now! Why AI Data Centres Are the New Goldmine for Indian Law Firms