Adani Ports and Special Economic Zone Ltd placed an order for eight state-of-the-art harbour tugs with Cochin Shipyard at a cost of Rs 450 crore, in a move that aligns with the 'Make in India' initiative of the government in the maritime sector.
The delivery of these tugs, which will enhance the operational efficiency and safety in the ports, is expected to begin from December 2026.
"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," Adani Ports said in a stock exchange filing.
"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," said Ashwani Gupta, whole-time director and CEO of Adani Ports.
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By leveraging local manufacturing capabilities, which are world-class, Adani Ports aims to contribute to the ‘Make in India’ initiative while ensuring that our operations meet international standards of safety and efficiency, he added.
"This record order reinforces our commitment to self-reliance while adhering to international standards of safety & efficiency in the maritime sector," said Karan Adani, managing director of Adani Ports, in a tweet.
Delighted to share that @Adaniports has placed India's largest ever order for harbour 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
Previously, Adani Ports 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 company said 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.