Deals7 Aug 2025, 01:28 pm
Knowledge Marine & Engineering Works Secures INR 80.69 Crore Contract from IWAI for Designing, Construction and Supply of Work and Accommodation Boats
AI Summary
Knowledge Marine & Engineering Works Ltd. (KMEW) has been awarded a work order by Inland Waterway Authorities of India (IWAI) for the design, construction and supply of 6 Nos. of Work Boats and 6 Nos. of Accommodation Boats. The contract, valued at INR 80.69 Crores (Rupees Eighty Crores Sixty-Nine Lakhs) including taxes, is a significant step for KMEW as it marks their formal entry into the commercial shipbuilding sector. The supply of these boats will be utilized by the IWAI for Capacity Augmentation of National Waterway-1 (River Ganga) Project.
Key Highlights
- KMEW secures INR 80.69 Crore contract from IWAI
- Contract for designing, construction and supply of 6 Nos. of Work Boats and 6 Nos. of Accommodation Boats
- Significant step for KMEW as it marks their formal entry into the commercial shipbuilding sector
- Boats to be utilized by the IWAI for Capacity Augmentation of National Waterway-1 (River Ganga) Project
- KMEW's evolution from a ship repair unit to a trusted provider of dredging services