ADANI PORT TO INVEST Rs 13,000 CRORE BY FY31 TO EXPAND IT'S MARINE SERVICES INTO EUROPE

plans to invest Rs 13,000 crore in capital expenditure by FY31 to build a 200-vessel global marine fleet. The company's marine platform Astro Offshore has recently partnered with US-based engineering and technology firm Oceaneering International to expand into Europe’s specialised subsea and offshore services market. This partnership marks 's entry into specialised subsea operations in Europe and forms part of the company’s broader strategy to build one of the world’s largest integrated marine platforms spanning offshore logistics, underwater engineering and deepwater infrastructure services. The company is targeting marine revenue of Rs 6,000 crore by FY31 from its expanding offshore and marine business portfolio. has delivered good profit growth of 27% CAGR over last 3 years, and with this new investment, the company's profits are further expected to grow in the coming years.