KMEW Secures ₹279.33 Cr Green Tug Contract from Mumbai Port
Knowledge Marine & Engineering Works Ltd (KMEW) has received a significant work order from Mumbai Port Authority (MbPA) for the chartering of a 60 Ton Bollard Pull Capacity New Battery Operated Electric Green Tug. The contract, valued at ₹279.33 Crores including GST, spans a period of 15 years. This marks KMEW's third Green Tug contract, reinforcing its position in India's burgeoning green maritime sector. The company will leverage its subsidiary, Knowledge Shipyard Limited, for construction and will manage operations, maintenance, and technical aspects. This order aligns with India's Green Tug Transition Programme and the 'Make in India' initiative, showcasing KMEW's integrated capabilities from shipbuilding to asset management.
Key Highlights
- KMEW secures a 15-year contract worth ₹279.33 Cr from Mumbai Port Authority.
- The contract involves chartering a new battery-operated electric green tug.
- This is KMEW's third green tug contract, strengthening its market presence.
- The order supports India's green maritime initiatives and 'Make in India'.
- KMEW will handle construction, operations, and maintenance for the tug.
Price Impact
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