Business Update12 May 2026, 04:11 pm
Adani Ports' Astro Offshore Enters European Subsea Market
AI Summary
Adani Ports and Special Economic Zone Ltd (APSEZ), through its marine arm Astro Offshore, has contracted with Oceaneering International Inc. to expand into specialized subsea operations in Europe. This move includes adding the Energy Savanah vessel (renamed Astro Atlas) to its fleet, enhancing deepwater engineering and offshore execution capabilities. APSEZ aims to build a 200-vessel fleet, targeting ₹6,000 crore in marine revenue and ₹13,000 crore in capex by FY31, marking its entry into ultra-deepwater operations and international markets.
Key Highlights
- Astro Offshore contracts with Oceaneering for European subsea expansion.
- Astro Offshore adds Energy Savanah (Astro Atlas) to its fleet.
- APSEZ enters specialized subsea operations in Europe.
- APSEZ targets ₹6,000 crore marine revenue and ₹13,000 crore capex by FY31.
- Astro Atlas can operate in water depths of over 3,000 metres.