Adani Ports Partners Cochin Shipyard for 8 State-of-the-Art Tugs

Adani Ports and Special Economic Zone Ltd (APSEZ) said it was acquiring eight advanced harbour tugs from Cochin Shipyard Ltd. The contract's estimated value is Rs 450 crore. The company is likely to receive these vessels between December 2026 and May 2028.

This action supports the government's initiatives towards the 'Make in India' and 'Aatmanirbhar Bharat' to enhance domestic manufacturing as well as self-reliance in the maritime industry.

Through this collaboration with Cochin Shipyard Ltd, APSEZ strengthens its commitment to developing Indian maritime infrastructure while supporting world-class local manufacturing capabilities development.
Ashwani Gupta, Whole-time Director & CEO of Adani Ports and Special Economic Zone Limited (APSEZ), said, “This collaboration to procure from Cochin Shipyard Ltd signifies our commitment to enhancing maritime infrastructure in India and demonstrates our confidence in our nation’s PSUs. By leveraging local manufacturing capabilities, which are world-class, we aim to contribute to the ‘Make in India’ initiative while ensuring that our operations meet international standards of safety and efficiency”. 

Previously, APSEZ contracted the construction of two 62-tonne bollard pull ASD (Azimuthing Stern Drive) tugs to Cochin Shipyard Ltd for Ocean Sparkle Ltd, 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.

Earlier in October, APSEZ had released its fiscal second quarter earnings with profit at Rs 2,445 crore, posting a growth of 40 per cent on-year from Rs 1,748 crore recorded during the same period of previous financial year. The company had posted revenue from operations at Rs 7,067 crore, up 6 per cent in comparison to Rs 6,646 crore in Q2FY24.

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