Adani Ports and SEZ Achievement: Adani Ports and Special Economic Zone (APSEZ) Managing Director Karan Adani mentioned on Friday that APSEZ has procured eight state-of-the-art harbor tugs, the entire contract worth of which is Rs 450 crore. In a publish on social media platform On the premise of this information, an enormous bounce has been seen within the shares of Cochin Shipyard at the moment and a bounce of Rs 73.25 or 5 % has been seen and they’ve closed at Rs 1539.05 per share.
What did Karan Adani write in his social media publish?
Karan Adani wrote within the publish, “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 corporate, supply of those tugs is anticipated in December 2026 and will proceed until May 2028, which can enhance the effectivity and security of vessel operations in Indian ports.
Earlier, APSEZ had awarded the contract to Cochin Shipyard Limited for the development of two, 62-tonne Bollard Pull ASD (Azimuthing Stern Drive) tugs for Ocean Sparkle Limited, each of which have been delivered forward of schedule and have been deployed at Paradip Port and New Deployed at Mangalore Port. The firm mentioned three further ASD tugs are presently underneath development, bringing the entire order to 13 tugs, that are aimed toward offering a younger fleet for environment friendly and dependable providers within the port space.
Delighted to share that @Adaniports has positioned India’s largest ever order for harbor tugs with Cochin Shipyard Ltd. The 8 state-of-the-art tugs value ₹450 Cr will broaden our fleet to 152. This file order reinforces our dedication to self-reliance whereas adhering to… pic.twitter.com/kn8iMGQsbv
— Karan Adani (@AdaniKaran) December 27, 2024
According to India’s largest built-in transport utility firm, this initiative underlines the significance of sustainable practices in shipbuilding and reinforces the strategic significance of the maritime business in India’s financial improvement.
Adani Ports is the most important port developer and operator in India.
Adani Ports is the most important port developer and operator in India, with 7 strategically situated ports and terminals on the Western Port. Apart from this, 8 ports and terminals are on the east coast, which collectively characterize 27 % of the nation’s port quantity.
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