Adani Ports Bets Rs 13,000 Crore on Europe Subsea Push by FY31

13 articles · Updated · The Economic Times · May 13

Rs 13,000 crore of planned capex by FY31 will fund Adani Ports’ move beyond cargo handling into specialised offshore and subsea services in Europe, a higher-margin business tied to energy and marine infrastructure projects.
That expansion builds on Astro Offshore, acquired in 2024, and its new 97-metre DP2 vessel Astro Atlas, which can work in water depths above 3,000 metres and handle ultra-deepwater construction, cable and pipeline jobs.
APSEZ says the Oceaneering partnership adds deepwater engineering and ROV expertise, helping it target Europe’s offshore wind, subsea transmission and North Sea infrastructure markets.
The push extends a broader marine strategy that started with Ocean Sparkle in 2022; APSEZ now aims for a 200-vessel fleet and Rs 6,000 crore in marine revenue by FY31.
If executed well, the shift could reduce APSEZ’s dependence on India-linked port volumes, though it also exposes the company to capital-heavy execution risks and entrenched global offshore competitors.

How will an Indian giant's entry reshape competition and security in Europe's critical underwater infrastructure market?

Is Adani's deepwater gamble in Europe a strategic pivot or a high-risk venture far from its home turf?