Adani Ports and Special Economic Zone Ltd (APSEZ) announced the completion of the acquisition of an 80% stake in Astro Offshore Group through its subsidiary, Adani Harbour International DMCC. The deal, valued at USD 194.78 million (approximately ₹1,637.57 crore) in cash, aligns with APSEZ’s strategy to expand its global footprint in the marine service market.
Astro Offshore Group, a global offshore support vessel (OSV) operator, operates in the Middle East, India, Far East Asia, and Africa, with a fleet of 26 OSVs, including anchor handling tugs (AHTs), flat top barges, multipurpose support vessels (MPSVs), and workboats. For FY24, the group reported a turnover of USD 93.68 million (₹7,879 crore).
This acquisition further strengthens Adani Ports’ position in the marine sector, providing a strategic advantage in vessel management and complementary services.
