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Adani Ports places order for eight harbour tugs worth Rs 450 crore

27 Dec 2024 Evaluate

Adani Ports and Special Economic Zone (APSEZ) has placed India's largest order for eight state-of-the-art harbour tugs, all to be constructed by Cochin Shipyard. This initiative aligns with the government’s Make in India and Aatmanirbhar Bharat initiatives by boosting local manufacturing and enhancing self-reliance in the maritime sector.

With a total contract value estimated at Rs 450 crore, these tugs are expected to begin delivery in December 2026 and continue until May 2028, significantly improving the efficiency and safety of vessel operations in Indian ports.

Previously, APSEZ contracted the construction of two 62-tonne bollard pull Azimuthing Stern Drive (ASD) tugs to Cochin Shipyard for Ocean Sparkle, both of which were delivered ahead of schedule and deployed at Paradeep Port and New Mangalore Port. The construction of three additional ASD tugs is currently underway, bringing the total order to 13 tugs, aimed at providing a younger fleet for efficient and reliable services in the port sector.

This initiative underscores the importance of sustainable practices in shipbuilding and reinforces the strategic significance of the maritime industry in India's economic growth.

Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.

Adani Ports &Special Share Price

1549.45 34.85 (2.30%)
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