Adani Ports and Special Economic Zone Limited has informed the Exchange regarding 'Media Release regarding APSEZ s marine arm, AstroOffshore in contract with Oceaneering International Inc., for European SubseaExpansion. '.
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Adani Ports' marine subsidiary Astro Offshore has signed a contract with US-based Oceaneering International Inc. to pursue specialised offshore and subsea opportunities in Europe. As part of this expansion, Astro Offshore is acquiring its first ultra-deepwater vessel, Astro Atlas (formerly Energy Savanah), a 2021-built 97-metre DP2 multipurpose support vessel capable of operating in water depths over 3,000 metres. The vessel is equipped with a 150-tonne subsea AHC crane and can accommodate 100 personnel. The deal supports APSEZ's ambition to build one of the world's largest integrated marine platforms, targeting a 200-vessel fleet with marine revenue of ₹6,000 crore and capex of ₹13,000 crore by FY31.
This contract marks APSEZ's entry into specialised European subsea operations, diversifying revenue streams beyond Indian ports into higher-margin offshore energy services and positioning the group for international growth.