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Capex Plans for Transport Corporation of India

News: As per media sources (Business Standard), TCI is planning to incur a capex of Rs.500 crore in the next 3 years, as the company is keen on augmenting its marine assets for coastal container cargo.

Views: The management expects the coastal shipping growth to 215 MMT in CY25 from current 86 MMT. It currently has 6 ships with a capacity of 0.78 lakh deadweight tonnes, and expects to add a ship each year. Seaways contributes 17-18% to TCI topline and 50-60% of consolidated EBIT.

Impact: Positive