Sadhav Shipping Limited
Incorporated in 1996, Sadhav Shipping Limited owns and operates marine assets to service ports, and coastal logistics, and provides other port maritime-related services.The company was previously known as Homa Offshore & Shipping Company Private Limited.
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Sadhav Shipping bagged a contract from Lamprell Energy for its vessel Adwita, supporting an offshore pipeline project. The deal offers USD 7,900+GST daily for 120 days, extendable by 56 days. This boosts SSL's revenue visibility and vessel utilization.
Sadhav Shipping reported Q1 FY27 revenue of ₹31.2 Cr and net profit of ₹3.4 Cr. Key operational wins include a 7-year, ₹18.07 Cr Mumbai Port Authority contract and new boat orders. A joint venture was approved to expand maritime services.
Sadhav Shipping secured a 7-year contract worth Rs 18.07 Cr from Mumbai Port Authority to operate two Pilot Launches. This boosts revenue visibility and confirms deployment for the company's new build orders, strengthening its port services presence.
Sadhav Shipping ordered four new 18-meter FRP composite pilot and security boats, with options for two more. This strengthens their expansion into port services, supporting a recently secured contract for pilot and security boat operations at a major Indian port.
Sadhav Shipping reported FY26 Revenue of ₹97.55 Cr and PAT of ₹14.72 Cr. Operations expanded significantly with new contracts, commencement at Chennai Port, and the launch of 'Sadhav Shivani'. Completed a ₹26 Cr preferential allotment.