Adani Ports places ₹450 crore order for eight tugs with Cochin Shipyard-OxBig News Network

Ahmedabad, May 02 (ANI): Adani Ports and Special Economic Zone reported that its Profit After Tax or net profits during the just-concluded financial year 2023-24 grew by a whopping 50 per cent to Rs 8,104 crore, on Thursday.
| Photo Credit: ANI

Adani Ports and Special Economic Zone Limited (APSEZ) said it has placed an order worth ₹450 crore with the Cochin Shipyard Limited to procure eight harbour tugs. The tugs are expected to be delivered from December 2026 until May 2028.

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Ashwani Gupta, whole-time director & CEO of APSEZ said, “By leveraging local manufacturing capabilities, which are world-class, we aim to contribute to the ‘Make in India’ initiative while ensuring that our operations meet international standards of safety and efficiency.”