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Adani ports has opened up a new subsidiary in Kingdom of Saudi Arabia named Astro Offshore MESA company for the purpose of ship management and operation with a capital of 50000 SAR (₹12.65 lakhs).

ICICIdirect Research 02 Sep 2026 DISCLAIMER

News: Adani ports has opened up a new subsidiary in Kingdom of Saudi Arabia named Astro Offshore MESA company for the purpose of ship management and operation with a capital of 50000 SAR (₹12.65 lakhs). 

View: The company is set up to undertake local offshore and marine operations in Saudi Arabia as part of broader strategy to diversify the company's fleet and expand its global marine footprint. Adani ports ventured outside India for the first time in Jun 2019 and has since then expanded operations beyond India to Hafia port in Israel, Port of Dar es salam in Tanzania, Columbo west international port in Sri Lanka, North Queensland Export terminal at Australia and most recently in Dubai in January 2026 by launching Marine and logistics services. It has also committed to invest $1.4 bn in Europe for expansion of marine business. Overall Adani ports aims to double it's overall cargo to 1 bn metric tones by 2030.

Impact: Neutral

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