Adani Ports and SEZ purchases 8 advanced harbor tugs, Cochin Shipyard shares rise

Adani Ports and SEZ Achievement: Adani Ports and Special Economic Zone (APSEZ) Managing Director Karan Adani said on Friday that APSEZ has procured eight state-of-the-art harbor tugs, the total contract value of which is Rs 450 crore. In a post on social media platform On the basis of this news, a huge jump has been seen in the shares of Cochin Shipyard today and a jump of Rs 73.25 or 5 percent has been seen and they have closed at Rs 1539.05 per share.

What did Karan Adani write in his social media post?

Karan Adani wrote in the post, “8 advanced tugs worth Rs 450 crore will increase our fleet to 152. This record order strengthens our commitment towards self-reliance while adhering to international standards of safety and efficiency in the maritime sector. ” According to the company, delivery of these tugs is expected in December 2026 and will continue till May 2028, which will improve the efficiency and safety of vessel operations in Indian ports.

Earlier, APSEZ had awarded the contract to Cochin Shipyard Limited for the construction of two, 62-tonne Bollard Pull ASD (Azimuthing Stern Drive) tugs for Ocean Sparkle Limited, both of which were delivered ahead of schedule and were deployed at Paradip Port and New Deployed at Mangalore Port. The company said three additional ASD tugs are currently under construction, bringing the total order to 13 tugs, which are aimed at providing a young fleet for efficient and reliable services in the port area.

Delighted to share that @Adaniports has placed India’s largest ever order for harbor tugs with Cochin Shipyard Ltd. The 8 state-of-the-art tugs worth ₹450 Cr will expand our fleet to 152. This record order reinforces our commitment to self-reliance while adhering to… pic.twitter.com/kn8iMGQsbv

— Karan Adani (@AdaniKaran) December 27, 2024

According to India’s largest integrated transport utility company, this initiative underlines the importance of sustainable practices in shipbuilding and reinforces the strategic importance of the maritime industry in India’s economic development.

Adani Ports is the largest port developer and operator in India.

Adani Ports is the largest port developer and operator in India, with 7 strategically located ports and terminals on the Western Port. Apart from this, 8 ports and terminals are on the east coast, which together represent 27 percent of the country’s port volume.

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