Udupi Cochin Shipyard Limited (Udupi-CSL), a subsidiary of Cochin Shipyard Limited, has secured a notable order from Ocean Sparkle Limited, an Adani Group company. The contract involves the construction of four ASD Tugs, each with 70 T Bollard Pull power. These vessels will be built according to the Ministry of Ports, Shipping & Waterways’ standard design specifications. Deliveries for these vessels are scheduled to commence in November 2028 and conclude by June 2029.
Strategic Order for Udupi-CSL
Cochin Shipyard Limited (CSL) has announced that its wholly-owned subsidiary, Udupi Cochin Shipyard Limited (Udupi-CSL), has successfully bagged a new shipbuilding order. The contract was awarded by Ocean Sparkle Limited, a prominent entity under the Adani Group umbrella. This project adds to the company’s growing portfolio of maritime infrastructure and vessel construction.
Project Details and Specifications
The order comprises the construction of four Azimuthing Stern Drive (ASD) Tugs. Each of these vessels is engineered for a 70 T Bollard Pull capacity, ensuring high performance for port operations. The construction will strictly adhere to the Approved Standard Tug Design and Specifications (ASTDS), as mandated by the Ministry of Ports, Shipping & Waterways, Government of India. By following these standardized designs, the project ensures compliance with national maritime quality and safety benchmarks.
Delivery Timeline
The construction schedule for the four tugs is set to span over eight months of active delivery. Shipments and handover of the vessels are slated to begin in November 2028, with the final delivery expected to be completed by June 2029. This timeline aligns with the subsidiary’s operational capacity and reinforces its ability to meet domestic demand for specialized harbor craft.
Independent Transaction
The company has confirmed that this contract is an arm’s length agreement. None of the promoter group or associated companies hold any interest in the client entity, and the deal does not fall under the category of related party transactions.
Source: BSE
