NSEBagging/Receiving of orders/contracts2d ago · 19 Sept 2026, 10:44 pm
Bagging/Receiving of orders/contracts
Knowledge Marine & Engineering Works Limited · KMEW
✦ AI Summary▲ PositiveOrder Win
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.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Knowledge Marine & Engineering Works Limited has informed the Exchange about Bagging/Receiving of orders/contracts
Attachments (1)
📄pdf
Download →
KMEW_19092026224407_Intimation_MbpA_Green_Tug-s.pdf
View document text
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]