Adani Ports and Special Economic Zone to Invest ₹13,000 Crore in Marine Business, Enters European Subsea Market

Adani Ports and Special Economic Zone Ltd Aims to Invest Rs 13,000 Crore in Marine Business by FY31

Adani Ports and Special Economic Zone Ltd (APSEZ) is planning a significant expansion of its marine business, with a target investment of Rs 13,000 crore by FY31. The company is seeking to build one of the world's largest integrated marine platforms, spanning logistics, offshore support, underwater engineering, and deepwater infrastructure services.

As part of this expansion, APSEZ has entered into a partnership with Oceaneering International Inc, a US-based engineering and applied technology company. This partnership combines APSEZ's expanding fleet with Oceaneering's remotely operated vehicle (ROV) and deepwater engineering expertise. The partnership will enable APSEZ to pursue offshore and subsea opportunities in Europe, marking its entry into specialised deepwater engineering and underwater infrastructure services in the region.

The company's marine platform, Astro Offshore, will add a 2021-built 97-metre DP2 multipurpose support vessel, Energy Savannah, to be renamed Astro Atlas, to strengthen its subsea construction and offshore execution capabilities. The vessel is equipped with a 150-tonne subsea crane, secondary crane, moonpool, and accommodation for up to 100 personnel, enabling offshore construction, cable laying, and pipeline installation work.

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Key Statistics

APSEZ aims to build a globally diversified marine platform, with a target fleet size of 200 vessels and marine revenue of Rs 6,000 crore by FY31. The company is targeting a significant increase in its marine business, with the partnership with Oceaneering International Inc marking a significant step in its expansion into ultra-deepwater operations and international markets.

The introduction of Astro Atlas, the company's first ultra-deepwater vessel, reflects its continued investment in strategically acquiring younger, high-spec vessels with advanced capabilities. This strengthens Astro's ambition to operate one of the industry's youngest and smartest fleets, while enabling entry into new offshore markets and supporting the broader growth ambitions of the APSEZ marine platform.

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Astro Offshore has strengthened its deepwater fleet with the addition of Energy Savannah, a modern 2021-built 97-metre DP2 multipurpose support vessel. Equipped with a 150-tonne subsea crane, a 25-tonne secondary crane, a moonpool, and accommodation for up to 100 personnel, the vessel is designed to support a wide range of offshore operations, including subsea construction, cable laying, and pipeline installation.

The vessel's advanced capabilities, including its ability to operate in water depths of over 3,000 metres, will enable Astro Offshore to enter the ultra-deepwater segment, unlocking access to more complex, high-value offshore projects.