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Adani Ports said connected Tuesday (May 12, 2026) it volition deepen its European footprint by gathering offshore capabilities with U.S. engineering firm Oceaneering International, committing $1.36 cardinal successful superior spending done fiscal twelvemonth 2031.
The country's largest backstage larboard relation said it is targeting marine revenue of 60 cardinal rupees ($627.43 million) from the expansion. As part of the planned expansion, its marine services portion Astra Offshore volition make a fleet of 200 vessels with specialised offshore capabilities.
The woody reflects Adani Ports’ strategy to standard up its planetary footprint and pat rising offshore logistics request successful Europe, arsenic it seeks to diversify beyond its halfway home larboard concern and physique a meaningful beingness successful maritime services.
The determination besides comes aft the ports relation forecast slower halfway net maturation successful fiscal 2027 owed to U.S. tariffs and the Iran war.
The company, portion of billionaire Gautam Adani’s conglomerate, had past period outlined superior expenditure of 120 cardinal to 140 billion rupees for fiscal 2027, portion projecting gross of 430 billion to 450 cardinal rupees.
