NSEBagging/Receiving of orders/contracts2d ago · 19 Sept 2026, 10:44 pm

Bagging/Receiving of orders/contracts

Knowledge Marine & Engineering Works Limited · KMEW

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Knowledge Marine & Engineering Works Limited has secured its third Green Tug contract from Mumbai Port Authority, valued at ₹279.33 crore, including taxes, for a tenure of 15 years.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10

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Knowledge Marine & Engineering Works Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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KMEW_19092026224407_Intimation_MbpA_Green_Tug-s.pdf

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KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED Ship Builders, Repairers, Charterers and Marine Contractors CIN: L74120MH2015PLC269596 Ref: KMEW/BSE/Reg-30/2026-27/31 Date: September 19, 2026 Listing Department Listing & Compliance Department BSE Limited The National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai – 400051 Dear Sir/Ma’am, Scrip Code Symbol ISIN 543273 KMEW INE0CJD01029 Sub: Intimation under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) – Receipt of Work Order from Mumbai Port Authority Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we are pleased to inform you that Knowledge Marine & Engineering Works Limited (“KMEW”) has received a Work Order from Mumbai Port Authority (MbPA) for Chartering of 01 No. 60 Ton Bollard Pull Capacity New Battery Operated Electric Green Tug along with Manning, Operations, Maintenance and Complete Technical Management. The said work order is for the period of 15 years and valued at ₹279.33/- Crores including GST. Please find attached a copy of the Press Release with respect to same as “Annexure – A”. The details and information as required under Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 and last updated on January 30, 2026 are annexed to this letter as “Annexure – B”. Thanking You, Yours Faithfully, For Knowledge Marine & Engineering Works Limited Avdhoot Kotwal Company Secretary & Compliance Officer Regd. Office: Unit No. 706 & 707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk, Chembur East, Mumbai – 400 071 Phone: 022 – 35374606 | E-mail: info@kmew.in |Website: www.kmew.in Listed on BSE & NSE exchange (KMEW | 543273 | INE0CJD01029) Knowledge Marine & Engineering Works Ltd. (BSE: 543273) (NSE: KMEW) Press Release Annexure - A KMEW Secures Its Third Green Tug Contract Mumbai, India | September 19, 2026: Knowledge Marine & Engineering Works Limited (“KMEW”) (BSE: 543273 | NSE: KMEW), an integrated marine infrastructure and dredging company, is pleased to announce that it has secured its Third Green Tug contract from Mumbai Port Authority, one of the Major Ports of India. The contract, valued at approximately ₹279.33 crore (including taxes), involves the construction and hiring of a battery-operated Green Tug for a tenure of 15 years. With this order, KMEW has further strengthened its presence in India's emerging Green Tug segment, having won three Green Tug contracts awarded by Major Ports within a relatively short period. These contracts represent the Company's growing portfolio of next-generation marine assets with long-term operating commitments. Building a Scalable Green Maritime Platform The latest order strongly adds to the two Green Tug contracts secured earlier by KMEW and will be supported through its subsidiary, Knowledge Shipyard Limited, which is also undertaking the construction of the Company's other Green Initiatives. The simultaneous construction of multiple Green Tugs at a common shipbuilding platform provides KMEW with an opportunity to develop greater standardisation, repeatability and execution efficiencies, while building specialised technical capabilities in the construction of next- generation marine assets. The Company intends to leverage its integrated capabilities across shipbuilding, marine operations and asset management throughout the lifecycle of these vessels—from construction and commissioning to operations and maintenance. This integrated approach is expected to create a scalable platform for KMEW as it expands its presence beyond its established dredging and marine services businesses into specialised shipbuilding and next-generation marine infrastructure. From Dredging to Next-Generation Marine Infrastructure The Green Tug business represents an important extension of KMEW's existing marine capabilities. Over the years, KMEW has developed experience in operating and managing a diversified fleet of specialised marine assets across dredging, port operations and allied marine services. The Company's growing Green Tug portfolio enables it to leverage this operational experience while developing capabilities in advanced vessel construction and long-term asset management. The Company is therefore progressively building an integrated marine platform spanning: Dredging → Marine Assets → Green Vessels → Indigenous Shipbuilding → Lifecycle Marine Infrastructure The development of these capabilities is intended to strengthen KMEW's participation in India's evolving maritime infrastructure ecosystem and create opportunities in specialised marine assets beyond conventional dredging. Unit No. 706-707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk Chembur (East), Mumbai – 400 071 Supporting India's Green Maritime Vision The Green Tug Transition Programme, announced on 22 May 2023 as part of the Government of India's broader maritime sustainability initiatives under the Maritime Amrit Kaal Vision 2047, seeks to accelerate the transition of harbour tugs from conventional fossil-fuel-powered vessels towards cleaner and more sustainable alternatives. KMEW's growing Green Tug portfolio enables the Company to participate in this transition while contributing to the development of indigenous capabilities in the design, construction, operation and maintenance of advanced marine assets. The Company believes that building these technologically advanced vessels in India can contribute to the broader objectives of Make in India and Atmanirbhar Bharat, while supporting the development of India's domestic shipbuilding ecosystem. With multiple Green Tugs being developed on a common shipbuilding platform, KMEW also intends to build institutional knowledge and technical capabilities that can be leveraged for future specialised marine asset programmes. Management Commentary Mr. Sujay Kewalramani, CEO, Knowledge Marine & Engineering Works Limited, said: “We are delighted to announce our third Green Tug contract with this ₹279.33 crore order from Mumbai Port Authority. Securing three Green Tug contracts from Major Ports reflects the confidence placed in KMEW's technical capabilities, execution strength and our long- term vision for sustainable maritime infrastructure. This order is particularly significant as we intend to construct this vessel alongside our other two Green Tugs at our shipbuilding platform. Having multiple vessels under construction simultaneously will allow us to develop greater standardisation, strengthen execution capabilities and build deeper technical expertise in this specialised segment. Our objective is not merely to construct individual vessels, but to develop a scalable capability around next-generation marine assets. By combining our experience in marine operations with our growing shipbuilding capabilities, we aim to build expertise across the complete lifecycle of these assets—from construction and commissioning to operations and maintenance. We are equally proud that these technologically advanced vessels will be built in India. We see this as a meaningful contribution to the Make in India and Atmanirbhar Bharat vision. Our objective is to develop domestic capabilities to design, construct, operate and maintain next-generation marine assets within the country, while creating a scalable platform for future opportunities in green and specialised marine infrastructure.” About Knowledge Marine & Engineering Works Ltd: Incorporated in 2015, KMEW is in the business of dredging, shipbuilding, owning and operating of Marine Crafts and Marine Infrastructure. The Company provides multiple solutions of marine engineering including dredging at various ports, shipbuilding of [Showing first 8,000 characters — download PDF for full document]