India plans ₹51,000 crore ship acquisition for energy security
pre-market1 source ↓written by the desknot a recommendation
- set to invest
- ₹51,383 crore
- includes tenders
- 28 vessels
India is set to invest ₹51,383 crore in a large-scale vessel acquisition program to enhance its energy shipping fleet. This initiative includes tenders for 28 vessels, such as LPG tankers and MR crude oil carriers, aiming to boost maritime capacity amid ongoing geopolitical tensions.
The program is part of a broader strategy to reduce reliance on foreign-flagged vessels for transporting crude oil and gas, enhancing economic resilience in the energy sector.
Not investment advice. For informational purposes only.