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Adani Plans to Expand Its Vessel Fleet and Extend Control Over the Port Sector

The group also aims to become one of the biggest marine operators in due course because of this it has been taking up multiple extraordinary ventures in the port sector over a short span of time. With this new acquisition, Adani Monopoly will also continue to exist in the port sector.

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Adani Plans to Expand Its Vessel Fleet and Extend Control Over the Port Sector

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  1. Adani Plans to Expand Its Vessel Fleet and Extend Control Over the Port Sector

  2. The main aim behind this acquisition is to expand its fleet and increase its earnings in the port sector. The group also aims to become one of the biggest marine operators in due course because of this it has been taking up multiple extraordinary ventures in the port sector over a short span of time. With this new acquisition, Adani Monopoly will also continue to exist in the port sector.

  3. 03 Why Acquire Astro Offshore? Astro Offshore is a global offshore support vessel (OSV) operator in West Asia, India, Far East Asia, and Africa. It handles the construction and management of vessels. It also has a number of global clients under its umbrella. Astro’s acquisition will pave the path for the Adani Group to become one of the biggest marine operators. It will also be able to build Adani Monopoly in the port and earn excellent revenue from its business.

  4. The Increased Control Over the Port Sector The Adani Group has always been deeply interested in the port sector of India. Time and again, the business group has taken multiple steps each of which is aimed at ensuring that the company’s port operations experience an extraordinary boost. In fact, the Adani Group started its business operations in the port sector. Its first venture in this particular sector has been the Mundra Port. By taking up new ports under its control, the Adani Group will be able to further extend its international boundaries.

  5. The Adani Group, in collaboration with Gadot Chemicals, had earlier acquired the Haifa Port in Israel for 1.18 billion dollars. Currently, the Adani Group holds a 70% stake in the company in the Far East. The Adani Group is also planning to build a new port in Da Nang Vietnam. They have already received approval from the government. The company also operates the Colombo port in Sri Lanka. The International Ventures

  6. 15 Thank You

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