Introduction
Leading maritime services firm has secured a ₹26.7 crore charter agreement with Larsen & Toubro for a DP-2 offshore supply vessel, covering 120 days firm with an optional 56-day extension.
Share price movement of ABS Marine
On October 8, 2025, ABS Marine Services Limited opened at ₹178.95, up 1.53% from its previous close of ₹176.05. The stock reached a high of ₹183.00 and a low of ₹176.00. By 1:05 PM, it traded at ₹178.75, with a market cap of ₹438.83 crore.
ABS Marine Secures ₹27 Crore L&T Vessel Charter
ABS Marine Services Limited has signed a Charter Party Agreement with Larsen & Toubro Limited for a DP-2 Platform Supply Vessel. The contract value is ₹26.70 crore, including GST and extensions.
The contract tenure is 120 days firm with a 56-day optional extension. ABS Marine Services will provide chartering, operation, and management of the vessel for L&T’s offshore projects.
ABS Marine Services recently secured contracts with ONGC, Schlumberger Asia Services, and port authorities at Chennai and Visakhapatnam.
Stock performance of ABS Marine for Period of 1 week, 6 months, and 1 year
ABS Marine Services Limited declined 3.00% over the past week, gained 74.7% in the past six months, and fell 31.6% over the past year.
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Shareholding pattern of ABS Marine
| Particulars | Mar 2025 | Sep 2024 | May 2024 |
| Promoter | 63.40% | 63.40% | 63.40% |
| FII | 0.20% | 0.50% | 3.40% |
| DII | 9.90% | 10% | 16.00% |
| Public | 26.50% | 26.10% | 17.20% |
About ABS Marine
ABS Marine Services Ltd (NSE-SME: ABSMARINE), incorporated in 1992, provides shipping services including manning, technical support, and vessel chartering. Most services are tender-based, serving India’s offshore and maritime infrastructure sectors.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is ABS Marine Services Limited share price going up today?
A: ABS Marine Services Limited share price is rising after signing a ₹26.70 crore charter agreement with Larsen & Toubro for a DP-2 Platform Supply Vessel.
Q: What does ABS Marine Services Limited specialize in?
A: ABS Marine Services Limited specializes in shipping services, including manning, technical support, and vessel chartering across India’s maritime sector.
Q: How much stake do promoters hold in ABS Marine Services Limited stock?
A: Promoters hold a 63.40% stake in ABS Marine Services Limited, reflecting majority control over the company’s shares.
