ABS Marine Services Limited — Important, 21-05-2025: General Updates

ABS Marine Services is expanding its offshore capacity with significant contract wins and fleet additions. It secured ₹7 Cr and ₹10.23 Cr contracts with Visakhapatnam and Chennai Port Authorities, alongside a ₹102 Cr, 3-year charter with ONGC for offshore supply vessels. Recent vessel deliveries, Ocean Diamond and EMERALD, have generated ₹27.97 Cr and ₹20.60 Cr in charters. A ₹197 Cr agreement with Schlumberger for a well stimulation vessel further bolsters its offshore segment. Funding via debt and equity supports strong revenue visibility through FY26.