Arvind Port Subsidiary Sells Crane Pontoon Barge as Part of Asset Portfolio Optimization
Arvind Port and Infra Limited’s subsidiary, Arcadia Logistics Limited, has completed a memorandum of agreement for the sale and transfer of a specialized marine vessel. The transaction involves the sale of a Crane Pontoon Barge named "KB 19" to Vrinda Marine LLP.The Memorandum of Agreement (MOA) was executed on Saturday, June 27, 2026. The asset being sold is the Crane Pontoon Barge, designated "KB 19," which holds Registration No. JMR-0006 and is registered with the Mercantile Marine Department (MMD), Jamnagar.
The sale of the vessel falls under the Group's continuous review process for optimizing its marine asset portfolio. The transaction is aligned with the company’s focus on enhancing operational efficiency and supporting future growth initiatives within the sector.
Arvind Port and Infra Limited stated that the transaction involving the sale of the barge is not anticipated to have any material impact on the overall business operations of the Company.
ARVINDPORT Stock Price Movement
Shares of ARVIND PORT AND INFRA LIMITED slipped by 4.89% on Thursday, settling at ₹30.15 after trading completed. The stock recorded a traded volume of 3,000 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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