KMEW Wins 5-Year Contract from Paradip Port Authority for Vessel Hiring
Knowledge Marine & Engineering Works Limited (KMEW) has secured a significant five-year work order from the Paradip Port Authority (PPA), committing the company to provide specialized marine services and vessel hiring. The contract involves supplying one 25-Knot Speed Patrol-Cum-Chase Boat, along with a full Manning Crew, valued at ₹ 11,41,01,079/- including GST.The agreement underscores KMEW's role in enhancing maritime security infrastructure for the PPA. The vessel deployment is intended to augment PPA's waterfront patrolling capabilities and help Port Security Staff meet the stringent requirements of the ISPS Code, enabling critical marine operations across the port limits.
Contract Details at a Glance
The details of the contract, which focuses on strengthening surveillance and rapid response capacities, are summarized below:
| Particular | Detail |
|---|---|
| Entity Awarding Order | Paradip Port Authority |
| Nature of Contract | Hiring of 01 no. 25 Knots Speed Patrol-Cum-Chase Boat (RSV4/ MS Act) along with Manning Crew |
| Duration | Five years |
| Consideration Value | ₹ 11,41,01,079/- including taxes |
| Contract Type | Domestic |
Reinforcing Maritime Security
KMEW will construct the Speed cum Chase Boat in-house, tailored to meet the specific operational requirements of Paradip Port Authority. This execution is planned through Knowledge Shipyard Private Limited (KSPL), KMEW’s dedicated shipbuilding arm. The company emphasized that this integrated capability allows it to strengthen its ability to design, build, deploy and support specialized marine vessels while maintaining greater control over quality and delivery timelines.
Commenting on the successful contract award, Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Limited, stated that the order further strengthens KMEW's association with Paradip Port, reflecting continued trust in the company. He noted that this win highlights KMEW's role as a trusted partner in advancing national port security standards and supporting the strategic growth of India's maritime sector.
Mr. Kewalramani also mentioned the increasing opportunities for specialized marine assets across India’s major ports. With its integrated services spanning dredging, vessel operations, shipbuilding, and marine services, KMEW remains focused on providing holistic maritime solutions for port infrastructure development.
KMEW Stock Price Movement
Today, shares of Knowledge Marine & Engineering Works Limited surged after closing up 2.08%, settling at ₹2596.8. The stock traded within a daily range, reaching a high of ₹2609 and finding its lowest point at ₹2492.6.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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