ABS Marine Services plans to expand its fleet by acquiring a DP2 Offshore Supply Vessel, with the acquisition expected to complete by Q1 FY2025-26. This strategic move aims to enhance the company's operational capabilities in challenging offshore environments and boost its competitiveness in the offshore support market. The acquisition reflects the company's long-term growth strategy and confidence in future demand for offshore support services.
28Mar 25
ABS Marine Services Secures ₹279.70 Crore Contract from ONGC
ABS Marine Services has entered into a contract agreement with Oil and Natural Gas Corporation (ONGC) valued at ₹279.70 crore. The company has already begun work on this high-value project, which is expected to boost revenue, enhance market position, and potentially lead to increased operational capacity. While specific project details are undisclosed, it likely involves comprehensive marine services for offshore operations.
27Mar 25
ABS Marine Services Lands ₹279.7 Crore Contract with ONGC
ABS Marine Services has won a significant contract worth ₹279.70 crore from Oil and Natural Gas Corporation (ONGC), India's leading oil and gas exploration company. Work on the contract has already begun, potentially boosting ABS Marine Services' project portfolio and future revenue. The deal highlights the company's capabilities in the marine services industry and its ability to secure high-value projects from major oil and gas sector players.