Business Update7 May 2026, 04:18 pm
Cochin Shipyard's Subsidiary Bags Order from Adani Group's Ocean Sparkle
AI Summary
Udupi Cochin Shipyard Limited (Udupi-CSL), a wholly-owned subsidiary of Cochin Shipyard Ltd, has secured a notable order from Ocean Sparkle Limited, an Adani Group Company, for the construction of four 70 T Bollard Pull ASD Tugs. The tugs will adhere to the Approved Standard Tug Design and Specifications (ASTDS) set by the Ministry of Ports, Shipping & Waterways. Deliveries are scheduled to commence in November 2028 and be completed by June 2029. The order does not involve any related party transactions or promoter interests.
Key Highlights
- Udupi-CSL secures order for four 70 T Bollard Pull ASD Tugs.
- Ocean Sparkle Limited, an Adani Group Company, placed the order.
- Tugs to be built as per MoPSW's Approved Standard Tug Design.
- Deliveries to begin in November 2028, concluding by June 2029.
- Order does not involve related party transactions or promoter interests.