Group
http://www.indiacement.com |
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SHIPPING
The India Cements
Limited (ICL)
In August 1991, ICL Launched
its Shipping Division. Though not a new era of interest, the venture came
at a time when the country was looking for an increase in Shipping tonnage.
ICL has so far acquired four Bulk Carriers
with a total capacity of 200,000 DWT.
These Bulk Carriers are deployed in the international tramp trade and carry
commodities like fertiliser, coal, iron ore
and foodgrain. The Shipping Division which
accounts for 10 to 12 % of the company's turnover
is expected to contribute significantly to its profits in the years
ahead. |