🚢 Knowledge Marine & Engineering Works (KMEW): ₹279.33 CR

Works (KMEW): ₹279.33 Cr Green Tug Order Knowledge Marine & Engineering Works (KMEW) is in focus after securing a ₹279.33 crore contract, including GST, from Mumbai Port Authority for a 60-tonne battery-powered electric Green Tug. 📊 KEY HIGHLIGHTS 🔹 Order Value: ₹279.33 crore including GST 🔹 Client: Mumbai Port Authority 🔹 Asset: 60-tonne battery-operated electric Green Tug 🔹 Contract Period: 15 years 🔹 Scope: Construction, chartering, manning, operations & maintenance 🔹 Execution: Through subsidiary Knowledge Shipyard Ltd 🔹 Green Tug Portfolio: Third such contract from a major Indian port ⚙️ BUSINESS UPDATE The vessel will be developed through Knowledge Shipyard Ltd, KMEW's subsidiary. The company intends to execute this project alongside its existing Green Tug initiatives, which could help build standardised construction processes and execution capabilities in the emerging electric marine infrastructure segment. 📌 NIVESH RESEARCH INSIGHT The contract strengthens KMEW's long-term order visibility and expands its presence in sustainable and electric port infrastructure. Investors may track project execution, vessel commissioning, operating efficiency, maintenance costs and the progress of the 15-year contract as key factors. #NiveshResearch #KnowledgeMarine #KMEW #GreenTug #ElectricTug #MumbaiPort #MarineInfrastructure #ElectricMobility #StocksInFocus #StockMarket #NSE #BSE