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Adani Ports and Special Economic Zone Limited (APSEZ) on Friday announced it has placed an order for eight harbour tugs, to be constructed by Cochin Shipyard in a deal worth Rs 450 crore. Harbour tugs ...

Adani Ports and Special Economic Zone Limited (APSEZ) said it has placed an order worth ₹450 crore with the Cochin Shipyard Limited to procure eight harbour tugs. The tugs are expected to be ...

The construction of three additional ASD tugs is currently underway, bringing the total order to 13 tugs, aimed at providing a younger fleet for efficient and reliable services in the port sector.

(Image: Company's website) Cochin Shipyard shares rose 5% and hit the upper circuit at Rs 1,539.05 after Adani Ports and SEZ placed an order of 8 harbour tugs for a value of Rs 450 crore.