Sadhav Shipping Limited Secures Charter Hiring Contract from Mumbai Port Authority
Sadhav Shipping Limited has secured a significant work order from the Mumbai Port Authority (MbPA) for the charter hiring of two Pilot Launches. The contract involves a domestic market engagement and represents a substantial operational milestone for the company.The agreement was formalized with the work order signed by the Mumbai Port Authority on July 15, 2026, and subsequently countersigned by Sadhav Shipping Limited on July 16, 2026. The contract is structured for an initial duration of seven years. Additionally, the Mumbai Port Authority maintains the discretion to extend the contract for a further period of up to three years.
The total value of the contract is recorded at Rs. 18.07 Crores. This domestic order reinforces the company's presence in the maritime services sector.
Contractual Overview
| Feature | Details |
|---|---|
| Awarding Entity | Mumbai Port Authority (MbPA) |
| Nature of Work | Charter hiring of two Pilot Launches |
| Total Order Value | Rs. 18.07 Crores |
| Initial Contract Period | Seven years |
| Extension Provision | Up to three additional years at the discretion of MbPA |
| Market Type | Domestic Market |
SADHAV Stock Price Movement
Sadhav Shipping Limited shares rallied today to settle at ₹115.8, gaining 1.59% in post-market activity. The stock saw active interest with a total volume of 94,800 shares traded 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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