We have not heard anything about divestment and there is no talk about it, said Anoop Kumar Sharma, Chief Managing Director, Shipping Corporation of India (SCI), after government proposed a strategic sale of about 26% stake in the company.

"I expect margins to be similar or slightly better, because we are expecting market especially tanker and the bulk will go up more in September. Revenue will be slightly better than this and we expect the margins to be around 25%,” he said.

Sharma said that finance costs have increased due to London Inter-Bank Offered Rate (LIBOR) going up.

He further said that tax credit has been taken due to reduced tax liability.