Published On:June 11 2024
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"KMEW Expands Southward: Secures First Contract at V.O. Chidambaranar Port"

Knowledge Marine & Engineering Works Ltd. (KMEW) (BSE: 543273) has clinched a significant contract with the V.O. Chidambaranar Port Authority. The Letter of Award (LOA) outlines the terms for the "Supply, Manning, Operation, and Maintenance of one number High-Speed Patrol Boat (HSPB) of 20 knots speed or more on hire basis for a period of five years." This contract, valued at Rs.5,86,05,141/-, marks KMEW's inaugural foray into the southern region of India.

The awarding of this contract underscores KMEW's ability to tap into new markets and underscores its growing reputation within the maritime sector. V.O. Chidambaranar Port, as one of India's twelve major ports and the second largest in Tamil Nadu, is a significant addition to KMEW's portfolio. The company's proven track record in delivering high-speed patrol boats, demonstrated by successful deployments at Vizag Port and Paradip Port, has undoubtedly contributed to securing this contract, which now marks its fourth triumph in this category.

With this new contract, KMEW's fleet will expand to 27 vessels, serving a clientele of 15 entities, including ports, PSUs, and ministries spanning three different countries. The company's commitment to delivering quality vessels within stipulated timelines further solidifies its position as a reliable player in the high-speed patrol boat sector.

Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd., expressed enthusiasm about the company's expansion into the southern market, highlighting the untapped opportunities at V.O. Chidambaranar Port. He emphasized KMEW's commitment to exploring new prospects nationwide while maintaining momentum in existing regions. Looking ahead, KMEW aims to continue its growth trajectory, focusing on diversifying its portfolio and reinforcing its presence in both domestic and international markets.

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