Sadra

What Sadra does

Sadra, legally Iran Marine Industrial Company (شرکت صنعتی دریایی ایران - صدرا), is a publicly listed Iranian shipbuilding and offshore construction contractor headquartered in Tehran with fabrication yards in Bushehr (Persian Gulf), Sadra Industrial Island (Qeshm area), and Behshahr / Caspian complex. Founded in 1968 in Bushehr and listed on the Tehran Stock Exchange (ticker IoT) under public limited company status, the company is the most comprehensive integrated marine industrial platform in Iran, delivering engineering, procurement, construction, transportation, installation, and commissioning (EPC+I&C) of offshore platforms, jacket structures, underwater pipelines, oil tankers, cargo and Ro-Ro vessels, barges, and offshore drilling rigs for government clients.

The company's core technology comprises heavy steel fabrication facilities, fabrication yards, shipbuilding halls, and heavy-lift assets including the HL5000 crane barge system used for superstructure installation. Its technology portfolio is organized around (i) fixed offshore platforms and jackets for oil and gas fields (record delivery of 10 platforms across South Pars phases 13, 17, 18, 22, 23, 24), (ii) large-vessel construction including 113,000 DWT Aframax oil tankers (two delivered to Venezuela, two on order), (iii) subsea pipeline installation and repair, and (iv) marine infrastructure (barges, Ro-Ro ships, bridges such as the Urmia Lake Bridge). Its wholly-owned subsidiary Sadra Sahel (شرکت مهندسی پژوهش صنعت نفت صدرا ساحل) operates as the engineering R&D arm and was certified as a knowledge-based enterprise by Iran's Vice Presidency for Science and Technology.

Sadra operates a project-based EPC revenue model with three primary streams: one-time EPC contracts for offshore oil and gas projects (primarily for the Ministry of Oil, NIOC, POGC), hardware sales of constructed vessels (domestic and export markets including Venezuela), and professional services for vessel/platform repair and maintenance (clients include POGC and the Iranian Navy). Go-to-market is enterprise field sales via direct negotiation with government ministries and state-owned enterprises, supplemented by international government-to-government export contracts. Distribution is entirely direct, with project-based pricing negotiated individually and no publicly disclosed pricing. Customer segments are concentrated in state-owned oil and gas (vertical primary), maritime and shipping companies (vertical primary), and government/state infrastructure (vertical secondary). The company is led by CEO Dr. Manouchehr Ali-Pour (appointed 1404 / 2025), following earlier acting leadership by Asadollah Aboueysani and a longer-tenured prior CEO Ali Zarei, against a back-history of 2012 financial distress, sovereign-wealth-fund custodianship by NIOC, and subsequent re-listing.

Name

Sadra

Legal name

Iran Marine Industrial Company (Sadra) (شرکت صنعتی دریایی ایران - صدرا)

Website

https://sadra.ir

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Sadra (Iran Marine Industrial Company) is a publicly listed Iranian EPC contractor that designs, builds, and installs offshore oil and gas platforms, jackets, pipelines, and large vessels (including 113,000 DWT Aframax tankers) for Iranian state-owned energy clients and select export markets, operating shipyards in Bushehr, Sadra Industrial Island, and the Caspian Sea region.

Ownership category

akta.pro rank

Product category

Offshore Construction and Shipbuilding

NAICS

Mining and Oil and Gas Field Machinery Manufacturing (33313), Ship Building and Repairing (336611), Oil and Gas Pipeline and Related Structures Construction (237120)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

akta.pro secondary industries

Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Pipe-lay & Heavy-lift Offshore Vessel Construction (IMAJACAE), Crude Oil Pipeline Maintenance & Repair (Pigging, Cleaning, Valve/Station MRO) (TLAGAAAN)

Keywords

• Offshore platform construction
• Shipbuilding services
• Marine vessel repair
• Oil and gas EPC
• Heavy marine fabrication

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. EPC Contracts for Offshore Projects: Engineering, procurement, and construction (EPC) contracts for offshore oil and gas platforms, pipeline installation, and marine infrastructure projects, primarily for the Iranian Ministry of Oil and its subsidiaries.
2. Shipbuilding and Vessel Construction: Design and construction of marine vessels including oil tankers, cargo ships, and offshore support vessels for domestic and international clients (e.g., Venezuela).
3. Repair and Maintenance Services: Repair and maintenance of vessels and offshore platforms for clients including POGC and the Iranian Navy.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Sadra performs engineering, procurement, construction (EPC), and installation of fixed offshore oil and gas platforms, including jackets, topsides, and jack-up drilling rigs, primarily for Iran's National Iranian Oil Company (NIOC) and Pars Oil and Gas Company (POGC). It also builds commercial vessels such as tankers and offshore support ships, executes subsea pipeline installation and repair, and offers ship repair and conversion services from facilities in Bushehr (Persian Gulf) and Behshahr (Caspian Sea).

Product overview

Sadra (Iran Maritime Industrial Company) operates as a comprehensive shipbuilding and offshore construction enterprise. The company offers a portfolio of interconnected products and services centered on maritime industrial solutions: shipbuilding and repair operations, offshore drilling platform fabrication, fixed offshore platform design and installation, jacket structure construction, underwater pipeline services, and infrastructure projects. The company maintains manufacturing facilities in Bushehr (Persian Gulf) and Behshahr (Caspian Sea) to serve both southern and northern maritime regions of Iran.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Offshore Platform EPC (jackets, topsides, subsea structures) Engineering, procurement, fabrication, and installation of fixed offshore oil and gas platforms including jackets and topsides, delivered to state-owned oil and gas developers such as NIOC and POGC for use in Persian Gulf and Caspian field developments.
• Jack-up Drilling Rig Construction Design and construction of jack-up offshore drilling rigs for upstream oil and gas operators requiring domestic drilling capacity.
• Commercial Shipbuilding (tankers, offshore support ships) Construction of commercial vessels including 113,000 DWT Aframax tankers and offshore support ships for national shipping lines and international state clients.
• Subsea Pipeline Laying, Installation, and Repair Marine pipeline installation and repair services for offshore oil and gas field developments, supporting production infrastructure connecting platforms to onshore processing.
• Ship Repair, Maintenance, and Conversion Dry-dock and afloat ship repair, maintenance, and conversion services provided from the Bushehr (Persian Gulf) and Behshahr (Caspian Sea) complexes to commercial and state-owned fleet operators.

Quantifiable outcome

• Delivered 10 offshore platforms for South Pars phases 13, 17, 18, 22, 23, and 24 — a record achievement in Iranian offshore construction.
• +1 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Youns Maritime Rescue and Ship Recycling Company (شرکت نجات دریایی و بازیافت کشتی یونس)coreStrategic or Co-development Partner · 23 June 1404A strategic cooperation and participation MoU signed on 23 Shahrivar 1404 between SADRA and Youns Maritime Rescue and Ship Recycling Company. The agreement aims to establish joint investment and leverage shared technical, engineering, and execution capabilities between the two companies.
• Specialized Maritime Holding (هلدینگ تخصصی دریایی)coreStrategic or Co-development Partner · 6 March 1404SADRA signed a contract with Specialized Maritime Holding on 4 Khordad 1404 for the sale of a recreational vessel, marking a significant step in expanding Iran's maritime tourism sector.
• Iran Industrial Projects Management Company (IPMI) (شرکت مدیریت طرح‌های صنعتی ایران)coreStrategic or Co-development Partner · 4 March 1404A trilateral MoU was signed between SADRA, IPMI, and the Supreme Council of Marine Industries on 4 Khordad 1404 for cooperation in the design and construction of self-elevating drilling rigs (Jack-up Drilling Rigs). The goal is to leverage IPMI's project management expertise and SADRA's fabrication and construction infrastructure.
• Mokain Institute (مؤسسه مکین)coreImplementation/ SI/ Consulting Partner · 4 March 1404A cooperation MoU was signed between SADRA and Mokain Institute on 4 Khordad 1404 for vessel repair services. Mokain's vessels will be repaired by SADRA's facilities, supported by the Specialized Maritime Holding and the Supreme Council of Marine Industries.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lamprell: UAE-based provider of fabrication, engineering and vessel/new-build services to the offshore and onshore oil & gas and renewables sectors. Comparable in scale and product mix to Sadra's offshore platform fabrication and shipbuilding activities in the Persian Gulf region.
• TechnipFMC: Major subsea and offshore EPC player delivering integrated platform, subsea and pipeline projects for global oil and gas operators. Comparable to Sadra in the offshore platform fabrication and subsea pipeline scope of its South Pars and Caspian work.
• Saipem: Italian offshore EPCI and drilling contractor with strong track record in fixed platforms, jackets, subsea pipelines and heavy-lift vessel operations. Closely comparable to Sadra's integrated offshore EPC, pipeline laying and heavy-lift installation scope.
• Petrofac: EPC and operations & maintenance contractor for onshore and offshore oil & gas, including fixed platform and module fabrication. Comparable to Sadra's EPC contracts for South Pars platforms and petrochemical intake structures (e.g., Mobin Petrochemical).
• Subsea 7: Offshore construction and SURF (subsea, umbilicals, risers, flowlines) contractor with one of the largest offshore installation fleets globally. Comparable to Sadra's pipeline installation, repair and heavy-lift installation work, including pipe-lay barge operations.
• McDermott International: Global offshore EPC contractor specializing in fixed and floating platform design, fabrication and installation, and subsea pipeline construction for the oil & gas industry. Directly comparable to Sadra's offshore platform and pipeline work for South Pars and other fields.
• Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO): Iranian state-owned shipbuilder and offshore platform constructor on the Persian Gulf coast, also active in vessel construction, jack-up rigs and offshore support vessels. The closest domestic peer to Sadra, competing for many of the same state and private maritime contracts.
• Seatrium (formerly Sembcorp Marine): Singapore-based integrated offshore and marine engineering, construction and conversion yard building fixed platforms, jack-up rigs, semi-submersibles and offshore support vessels. Directly comparable to Sadra's combined shipbuilding and offshore platform fabrication business.
• Keppel Corporation (Keppel Offshore & Marine): Singapore offshore rig builder and shipyard operating in FPSO/FSO conversions, fixed platforms and offshore support vessels. Comparable to Sadra's rig-building track record (Amir Kabir semi-submersible, Iran Khazar jack-up) and platform fabrication.

Regional players

• Drydocks World: UAE-based shipyard offering ship repair, conversion and offshore fabrication, including platform and rig work, in the Persian Gulf. Regional peer to Sadra with overlapping ship repair and offshore construction capabilities in the same basin.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/sadra.ir.co
• LinkedInlinkedin.com/company/sadra-iran-marine-industrial-company-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sadra