Adani Ports & SEZ Plots Europe Expansion with upto ₹13,000 Crore Marine Fleet Expansion

Adani Ports and Special Economic Zone Ltd (APSEZ) plans to invest between ₹11,000 crore and ₹13,000 crore in its marine business over FY27 to FY31 as the company expands operations and increases fleet capacity, as per news reports. 

The company is also preparing to enter the European marine services market. Ashwani Gupta, whole-time director and Chief Executive Officer of APSEZ, said, “We are getting into Europe. Very soon you will hear that our vessels are deployed in Europe”. 

Fleet Expansion Targeted By 2031 

APSEZ is to increase its marine fleet to around 200 vessels by 2031 from 136 vessels currently. The company added 21 vessels during FY26. 

The marine business reported revenue of ₹2,681 crore in FY26, up 134% from the previous year. The segment contributes nearly 7% to APSEZ’s overall business operations. 

The proposed investment will be used for fleet expansion, offshore deployment, and operational capability to upgrade across markets. 

Offshore Strategy Reviewed After Regional Disruptions 

The company said it is revising its offshore marine deployment strategy following disruptions linked to tensions in West Asia. APSEZ currently has operations across the Middle East, North Africa, and West Africa. 

APSEZ entered global offshore services through the acquisition of Astro Offshore. Europe is expected to become the next market under the company’s international marine business expansion. 

Marine Business Operates Through 3 Platforms 

Ocean Sparkle Ltd, one of APSEZ’s marine entities, operates 78 tugs and workboats and holds around 70% share in India’s marine services market. 

Astro Offshore operates 52 vessels across the Middle East, Africa and South Asia region, while TAHID (The Adani Harbour International DMCC) manages towage operations in GCC markets with 6 vessels. 

The company’s marine fleet currently includes 80 tugs, 41 offshore support vessels, and 15 flat-top barges. Apart from these, APSEZ also operates 47 captive vessels and 64 dredgers across Indian ports under its ports business operations. 

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Adani Ports and Special Economic Zone Share Price Performance  

As of May 7, 2026, 1:19 pm, Adani Ports and Special Economic Zone Ltd share price was trading at ₹1,731.00, down 0.99% from the previous closing price. 

Conclusion  

The proposed investment will support vessel additions and international deployment as APSEZ expands its marine operations. Europe is to be part of the company’s next phase of growth. 

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