Shipping Corporation recently informed the exchanges that the company obtained a Letter of Approval from the Office of Development Commissioner, Kandla Special Economic Zone, Department of Commerce, Government of India to extend all the facilities and entitlements admissible to a unit in a Special Economic Zone and for the establishment of a unit at GIFT SEZ LTD[SEZ] in the State of Gujarat for undertaking authorised operations, namely, manufacturing and rendering services including trading.
In the meantime, Shipping Corporation shares were trading 0.63% lower at Rs 267.50 on the NSE.
Stock Performance
– Open: ₹270.45
– High: ₹271.95
– Low: ₹262.50