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India allows Shipping Corp to buy bulk carriers

Posted by Yogesh on Friday, 25 July, 2008

NEW DELHI, July 24 – The Indian government on Thursday approved a proposal to allow state-run Shipping Corp of India to acquire four bulk carriers valued at $59.55 million each, a government statement said.

It said Shipping Corp can borrow 80 percent of the amount from overseas banks.

Source Reuters

This entry was posted on Friday, 25 July, 2008 at 8:24 pm and is filed under Corporate News. Tagged: . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “India allows Shipping Corp to buy bulk carriers”

  1. Madras Cafe alerts » India allows Shipping Corp to buy bulk carriers said

    Saturday, 26 July, 2008 at 12:40 am

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