<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:
"Times New Roman",serif">In a major boost to India's domestic shipbuilding
industry, <b>Ocean Sparkle Limited (OSL)</b>, the specialized marine services
division of Adani Ports and Special Economic Zone Ltd (<b>APSEZ</b>), has
signed a formal shipbuilding agreement with <b>Udupi Cochin Shipyard Limited
(UCSL)</b>. The commercial contract covers the construction and delivery of <b>four
new-generation 70-tonne bollard pull Azimuth Stern Drive (ASD) tugboats</b> to
modernize harbor support grids across APSEZ’s national port network. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;line-height:115%;font-family:
"Times New Roman",serif">Classified by parent entity Cochin Shipyard Limited as
a "Notable" contract win, the deal represents a total financial
allocation valued between <b>₹100 crore and ₹250 crore</b>.<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;
font-family:"Times New Roman",serif">Engineering Parameters and Standardized
Design<o:p></o:p></span></b></p>
<ul style="margin-top:0cm" type="disc">
<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:"Times New Roman",serif">ASTDS
Compliance Framework</span></b><span style="font-size:14.0pt;line-height:
115%;font-family:"Times New Roman",serif">: To support local
manufacturing, the four advanced harbor craft will be engineered and
constructed strictly in accordance with the <b>Approved Standard Tug
Design and Specifications (ASTDS)</b> issued by the Ministry of Ports,
Shipping & Waterways. <o:p></o:p></span></li>
<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:"Times New Roman",serif">Heavy
Towing Propulsion</span></b><span style="font-size:14.0pt;line-height:
115%;font-family:"Times New Roman",serif">: Each 33-meter vessel will
feature highly optimized twin-propeller layouts designed to deliver a
robust 70-tonne bollard pull capacity. This specific power rating grants
superior terminal maneuverability and high-capacity safety support needed
when guiding ultra-large container ships and bulk carriers into narrow
harbor basins. <o:p></o:p></span></li>
</ul>
<p class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;
font-family:"Times New Roman",serif">Production Timeline and Fleet Strategy<o:p></o:p></span></b></p>
<ul style="margin-top:0cm" type="disc">
<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:"Times New Roman",serif">Staggered
Delivery Windows</span></b><span style="font-size:14.0pt;line-height:115%;
font-family:"Times New Roman",serif">: Production planning logs place the
start of vessel deliveries in <b>November 2028</b>, with the final tugboat
scheduled for official handover to APSEZ by <b>June 2029</b>. <o:p></o:p></span></li>
<li class="MsoNormal"><b><span style="font-size:14.0pt;line-height:115%;font-family:"Times New Roman",serif">Accelerated
Marine Investments</span></b><span style="font-size:14.0pt;line-height:
115%;font-family:"Times New Roman",serif">: The transaction underscores an
aggressive capacity expansion campaign by APSEZ, which has logged five
strategic tugboat placement orders within the first two months of the
current financial year to manage expanding cargo terminal throughput.<o:p></o:p></span></li>
</ul>