Adani Ports Places Rs 450 Crore Order With Cochin Shipyard - See Share Prices

Adani Ports and Special Economic Zone Ltd (APSEZ) announced an order for eight 70-tonne bollard pull tugs. The Rs 450-crore deal with Cochin Shipyard marks the country’s largest-ever order for tugs.

Adani Ports Places Rs 450 Cr Tug Order with Cochin Shipyard
These tugs, set to be delivered between December 2026 and May 2028, will significantly improve the efficiency and safety of vessel operations across Adani Group 's Indian ports, the company believes.

“With a total contract value estimated at INR 450 Crore, these tugs are expected to begin delivery in December 2026 and continue until May 2028, significantly improving the efficiency and safety of vessel operations in Indian ports,” APESZ mentioned in an exchange filing.

The fleet expansion will increase APSEZ's total tug count to 152, underscoring the company’s dedication to maintaining world-class port infrastructure.
 

Ashwani Gupta, Whole-time Director and CEO of APSEZ expressed confidence in India’s public sector enterprises, stating, “This collaboration to procure from Cochin Shipyard signifies our commitment to enhancing maritime infrastructure in India and demonstrates our confidence in our nation's PSUs. By leveraging local manufacturing capabilities, which are world-class, we aim to contribute to the ‘Make in India’ initiative while ensuring our operations meet international standards of safety and efficiency.”

APSEZ, Cochin Shipyard Relationship
This isn’t the first partnership between APSEZ and Cochin Shipyard. Previously, Cochin Shipyard delivered two 62-tonne bollard pull Azimuth Stern Drive (ASD) tugs for APSEZ’s Ocean Sparkle Ltd, ahead of schedule.

These tugs are now operational at Paradeep and New Mangalore ports. Currently, three additional ASD tugs are under construction, bringing the total number of tugs ordered by APSEZ from Cochin Shipyard to 13.

Adani Share price today

At the time of this report, Adani stock was trading at Rs 1237, declining by 0.48%. However today the stock opened at Rs 1253 and this is also the intraday day high. 
In the last 10 years, Adani Ports stock it has gained by 328.85%. Over the last 5 years, it has gained by 240.29%.

Cochin Shipyard Share price today

Today the Cochin Shipyard stock was trading at Rs 1531.10, up by 5% at the time of this report. Today the stock opened at Rs 1470 and this is also the intraday day high of today.

The stock, in the last 5 years, has gained 669.32%, and for 3 years it showed a robust performance of 816.05%.