Adani Ports and Special Economic Zone Ltd (APSEZ) has finalized 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), is part of APSEZ’s broader strategy to expand its global presence in the marine services market.
Astro Offshore Group is a leading offshore support vessel (OSV) operator, with operations in the Middle East, India, Far East Asia, and Africa. The group manages a fleet of 26 OSVs, including anchor handling tugs (AHTs), flat top barges, multipurpose support vessels (MPSVs), and workboats. For FY24, Astro Offshore Group reported a turnover of USD 93.68 million (₹7,879 crore).
This acquisition strengthens Adani Ports’ position in the marine sector, giving the company a strategic advantage in vessel management and expanding its range of complementary marine services.
