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Kmew’s Southern Expansion: Securing Debut Contract At V.O. Chidambaranar Port

11 June 20243 mins read by Angel One
Knowledge Marine & Engineering Works Limited has secured a significant deal with V.O. Chidambaranar Port, marking its entry into the southern Indian market.
Kmew’s Southern Expansion: Securing Debut Contract At V.O. Chidambaranar Port
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On June 10, 2024, Knowledge Marine & Engineering Works Ltd (KMEW) was granted a Letter of Award (LOA) from the V.O. Chidambaranar Port Authority. This award is for supplying, staffing, operating, and maintaining a high-speed patrol boat (HSPB) with a speed of 20 knots or more on a rental basis for 5 years. The total value of this contract is ₹5.86 crore.

The company has won its first contract in South India from V.O. Chidambaranar Port. This Port plays a significant role in Tamil Nadu and ranks second in the state. This achievement boosts the KMEW’s reputation and influence in the maritime sector. This contract proves the KMEW’s expertise in delivering high-speed patrol boats, as seen in previous successes at Vizag Port and Paradip Port. It also marks its fourth victory, strengthening its position in this specialised field.

This contract will expand the company’s fleet to 27 vessels and its clientele to 15, including ports, public sector undertakings (PSUs), and ministries from three countries.

Following the contract win, the company will deploy its 27th vessel, a newly built one with a lifespan of 20 years. Work will begin within 180 days of receiving the order.

Mr Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd, commented, “We are excited to announce our expansion into the southern part of India with the successful acquisition of our first contract from V.O. Chidambaranar Port, one of the major ports in India. The port holds significant potential in untapped opportunities in small craft business and rock dredging.”

He further stated, “This milestone further enriches our portfolio, complementing our ongoing successes at ports in the country’s eastern and western regions. It underscores our commitment to exploring new opportunities nationwide. Looking ahead to FY25, we are enthusiastic about maintaining our momentum, focusing on expanding into new segments while reinforcing our existing portfolio. This achievement boosts our confidence in securing more projects and solidifies our position in Indian and international markets.”

About Knowledge Marine & Engineering Works Ltd

Founded in 2015, Knowledge Marine & Engineering Works Ltd (KMEW) specialises in owning and operating marine crafts, dredging, and repairing and maintaining marine infrastructure. They offer diverse marine engineering solutions, including dredging services at different ports, ship repair and refitting for naval and merchant vessels, hydrographic and magnetometer surveys, and technical support for vessel maintenance and operations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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