Gautam Adani to buy top marine services company Ocean Sparkle for Rs 1,530 cr
He will do the purchase through Adani Harbour Services, an arm of Adani Ports
The acquisition will make Adani Harbour the leader of India’s marine services market
A group of marine technocrats and financial investors own Ocean Sparkle
Ocean Sparkle was established in July 1995
It does towage, pilotage, and dredging services across ports and LNG terminals
Towage and pilotage contribute 92% of its revenue while dredging services provide 8%
Ocean Sparkle is expected to hit a profit of Rs 135 cr in FY22
