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Business Update10 Aug 2026, 06:00 pm

KMEW Secures ₹11.4 Cr Work Order from Paradip Port Authority

AI Summary

Knowledge Marine & Engineering Works Ltd (KMEW) has received a significant work order from Paradip Port Authority (PPA) for the hiring of a 25-Knot Speed Patrol-Cum-Chase Boat, including manning crew. The contract is valued at ₹11,41,01,079 (including GST) and spans a period of five years. This order will enhance PPA's maritime security and operational capabilities. KMEW will construct the vessel in-house through its subsidiary, Knowledge Shipyard Private Limited (KSPL), leveraging its expanding shipbuilding capacity. This win reinforces KMEW's position as a trusted partner in maritime security and integrated maritime solutions.

Key Highlights

  • Secured a 5-year contract worth ₹11.41 Cr from Paradip Port Authority.
  • Order includes hiring of a 25-Knot Speed Patrol-Cum-Chase Boat with crew.
  • Vessel to be built in-house by subsidiary KSPL, enhancing shipbuilding capabilities.
  • Aims to bolster maritime security and operational efficiency for Paradip Port.