KMEW Strengthens Maritime Security with Repeat Order from New Mangalore Port Authority

Knowledge Marine & Engineering Works Ltd. (BSE: 543273) (NSE: KMEW) has been awarded a second work order by the New Mangalore Port Authority for the hiring of One No. of River Sea Vessel (RSV) type IV Security Patrol Boat with all manpower excluding High Speed Diesel (HSD). The contract is for a period of five years and is valued at ₹10,66,43,732/- inclusive of GST (Rupees Ten Crores Sixty-Six Lakh Forty-Three Thousand Seven Hundred Thirty-Two Only).

The contract entails the deployment of One No. of RSV type IV Security patrol boat to provide dedicated security services at New Mangalore Port. Additionally, the patrol boat will be exclusively dedicated to security tasks, focusing on patrolling and monitoring the port's waters to ensure the safety and security of vessels, personnel, and port infrastructure. This deployment will enhance port security and contribute to the safe functioning of New Mangalore Port.

We will construct and built patrol boats in-house to meet specific requirements and ensure their deployment at the port within the stipulated timeframe. Constructing and Building the Ship within the Organization will provide is cost comparative advantage over others. This success highlights our strong position in the industry and sets the stage for further growth and enhanced service offerings at Mumbai Port.

KMEW has firmly established its presence across India's maritime landscape, delivering patrol boat services to 5 of the nation's 12 major ports. This PAN-India footprint underscores the company's strategic positioning and proven capabilities in safeguarding critical port infrastructure. With a consistent record of excellence, KMEW has demonstrated its ability to meet the sector's evolving demands with precision and reliability. As government investments accelerate, ports expand, and new trade corridors emerge, the patrol boat sector is poised for unprecedented growth. These powerful dynamics will further strengthen KMEW's market leadership, enabling the company to scale new heights and reinforce its role as a trusted partner in India's maritime security ecosystem.

Commenting on the Work Order, Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd said that, "We are pleased to announce a significant achievement-our second consecutive order win from the New Mangalore Port Authority for patrol boat services. This repeat success not only reinforces our pivotal role in India's maritime security ecosystem but also reflects the government's growing focus on enhancing port efficiency and ancillary services. By delivering a diverse portfolio of solutions across key ports, we continue to distinguish ourselves from competitors and set new benchmarks in reliability and execution. This milestone is a testament to our unwavering commitment to excellence, timely delivery, and sustained growth, further strengthening our position as a trusted partner in safeguarding India's vital maritime infrastructure."

Shares of Knowledge Marine & Engineering Works Ltd was last trading in BSE at Rs. 2943.85 as compared to the previous close of Rs. 2973.70. The total number of shares traded during the day was 6052 in over 1070 trades.

The stock hit an intraday high of Rs. 3034.30 and intraday low of 2924.85. The net turnover during the day was Rs. 17995939.00.

Source : Equity Bulls

Keywords

KnowledgeMarineandEngineeringWorks INE0CJD01011 KMEW Shipping MaritimeSecurity RepeatOrder NewMangalorePortAuthority