+
Adani Group to acquire 100% stake in Ocean Sparkle Ltd
PORTS & SHIPPING

Adani Group to acquire 100% stake in Ocean Sparkle Ltd

Through its subsidiary, the Adani Harbour Services Ltd (TAHSL), the Adani Ports and Special Economic Zone Ltd (APSEZ) has agreed to the acquisition of a 100% stake in Ocean Sparkle Ltd (OSL), India’s topmost third party marine services provider.

The main activities held by the company include towage, pilotage, and dredging.

OSL is a market leader, with a network of 94 owned boats and 13 owned by other parties. OSL has a market capitalisation of Rs 1,700 crore and Rs 300 crore in free cash.

P Jairaj Kumar, who will continue as Chairman of the OSL board, founded the firm in 1995 with a group of marine technocrats.

Given the synergies between OSL and Adani Harbour Services, the combined business is likely to grow in five years with higher margins, generating considerable value for APSEZ shareholders.

Karan Adani, APSEZ's CEO and Whole-Time Director, told the media that this acquisition gives APSEZ a significant share of India's marine services market and a platform to expand its presence in other countries, easing its path to becoming the world's largest port operator by 2030 and largest integrated transportation utility in India.

OSL has long-term relationships with its current clients, with contracts ranging from 5 to 20 years in length (the average contract length is seven years).

The contracts are on a Take or Pay (TOPA) basis, ensuring OSL's business model's stability.

OSL has established and deployed a workforce of 1,800 people across India over the years.

Through its activities in Oman, Saudi Arabia, Sri Lanka, Qatar, Yemen, and Africa, the company has extensive expertise in worldwide marine servicing.

Image Source

Also read: Adani Ports achieves milestone of 300 mmt cargo handling

Through its subsidiary, the Adani Harbour Services Ltd (TAHSL), the Adani Ports and Special Economic Zone Ltd (APSEZ) has agreed to the acquisition of a 100% stake in Ocean Sparkle Ltd (OSL), India’s topmost third party marine services provider. The main activities held by the company include towage, pilotage, and dredging. OSL is a market leader, with a network of 94 owned boats and 13 owned by other parties. OSL has a market capitalisation of Rs 1,700 crore and Rs 300 crore in free cash. P Jairaj Kumar, who will continue as Chairman of the OSL board, founded the firm in 1995 with a group of marine technocrats. Given the synergies between OSL and Adani Harbour Services, the combined business is likely to grow in five years with higher margins, generating considerable value for APSEZ shareholders. Karan Adani, APSEZ's CEO and Whole-Time Director, told the media that this acquisition gives APSEZ a significant share of India's marine services market and a platform to expand its presence in other countries, easing its path to becoming the world's largest port operator by 2030 and largest integrated transportation utility in India. OSL has long-term relationships with its current clients, with contracts ranging from 5 to 20 years in length (the average contract length is seven years). The contracts are on a Take or Pay (TOPA) basis, ensuring OSL's business model's stability. OSL has established and deployed a workforce of 1,800 people across India over the years. Through its activities in Oman, Saudi Arabia, Sri Lanka, Qatar, Yemen, and Africa, the company has extensive expertise in worldwide marine servicing. Image Source Also read: Adani Ports achieves milestone of 300 mmt cargo handling

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?