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ABS Marine Ignites Growth—Wins Multi-Crore Fire Services Pact, Anchors Future at Deendayal Port


Updated: July 02, 2025 21:35

Image Source: IPO Watch
ABS Marine Services Ltd has declared a resounding double triumph, representing greater consolidation in the shipping services sector. The firm has signed a long-term deal with Deendayal Port Authority, one of India's leading shipping hubs, and has also secured a ₹37.9 million (₹3.79 crore) order to hire qualified fire personnel at the port.
 
Key Highlights:
 
₹3.79 Crore Fire Personnel Agreement: ABS Marine will provide trained, qualified, and experienced fire service personnel to assist Deendayal Port round-the-clock firefighting activities, boosting the port's emergency response.
 
Long-Term Strategic Partnership: The deal constitutes a long-term strategic alliance between Deendayal Port and ABS Marine, which reflects the company's growing image as a safe and reliable port service provider.
 
Business Momentum: The wins come on the back of ABS Marine's series of high-ticket transactions in recent times, including a ₹178 crore charter contract with Schlumberger and the acquisition of a new DP2 offshore vessel, "AM PASSION," to complement its offshore and technical services fleet.
 
Industry Position: Established in 1992, ABS Marine has registered a strong 150% CAGR profit expansion during the past five years with an existing market capitalization of ₹524 crore and a superior operating track record in shipping and port activities.
 
Operational Impact: Fire officers will be expected to enhance Deendayal Port's safety infrastructure substantially, replicating ABS Marine's manning and technical support capabilities in key port operations.
 
These ventures add to ABS Marine's role as a market leader in integrated port and marine services with additional opportunities for expansion in India's growing maritime sector.
 
Source: NSE Corporate Filings, TradingView News, Screener.in, and company announcement

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