Adani, Cochin Shipyard tie-up to build green tugs

06 Dec 2023 CW Team

Cochin Shipyard has signed a memorandum of understanding with Adani Group for constructing green tugs after delivering the first of the two tugs ordered by Ocean Sparkle, now owned by Adani Harbour Services. This is the first tug to be built in India under the Approved Standard Tug Design Specifications (ASTDS) issued by the Ministry of Ports, Shipping, and Waterways (MoPSW) for promoting the shipbuilding industry under the Atmanirbhar Bharat initiative.

The 62-tonne bollard pull Azimuth Stern Drive (ASD) tugs, designed by Canada?s Robert Allan Ltd, a top global tug designer, are primarily intended for harbour towing and ship assist in Indian ports with firefighting and coastal towing as secondary roles.

Ocean Sparkle ordered two 62-tonne bollard pull tugs at Udupi-Cochin Shipyard, a unit of Cochin Shipyard Ltd, after the Ministry issued standard operating procedures in 2020 for charter/procurement of tugs by state-owned major ports under the Atmanirbhar Bharat initiative.

In April 2022, Adani Harbour Services acquired Ocean Sparkle at an enterprise value of Rs1,700 crore, helping it become the country?s top marine services operator (a key part of port operations). The combined entity now runs about 100 tugs.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..