Deals27 Dec 2024, 06:35 pm
Adani Ports Places Largest Order for 8 Tugs Under Make in India Initiative for 450 Cr with Cochin Shipyard
AI Summary
Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest integrated transport utility company, has procured eight state-of-the-art harbour tugs from Cochin Shipyard Ltd. The 450 Crore order aligns with the government's Make in India and Aatmanirbhar Bharat initiatives, aiming to boost local manufacturing and enhance self-reliance in the maritime sector. The tugs are expected to significantly improve the efficiency and safety of vessel operations in Indian ports, with deliveries starting from December 2026 and ending in May 2028.
Key Highlights
- Adani Ports placed an order for eight 70-tonne bollard pull tugs worth 450 Crore with Cochin Shipyard Ltd.
- The collaboration signifies Adani Ports' commitment to enhancing maritime infrastructure in India and demonstrates confidence in local PSUs.
- The tugs will contribute to the 'Make in India' initiative while ensuring international standards of safety and efficiency.
- Cochin Shipyard Ltd has previously delivered two 62-tonne bollard pull ASD tugs to Adani Ports ahead of schedule.
- The construction of three additional ASD tugs is currently underway, bringing the total order to 13 tugs.