KMEW Secures ₹384.33 Crore Green Tug Order from Visakhapatnam Port Authority

On November 19, 2025, KMEW announced that it received a Letter of Award from the Visakhapatnam Port Authority for manning, operating, maintaining and managing 1 electric ASTDS GTTP Tug with a 60-ton bollard pull capacity. The contract is valued at ₹384.33 crore including taxes and will run for 15 years.  

This marks the company’s 2nd order for a Green Tug, further supporting its focus on sustainable maritime solutions and strengthening its position in electric tug operations under India’s Green Tug Transition Program. 

Key Contract Details and Execution Scope 

The project covers complete technical management, battery system operations and full lifecycle support for the electric tug. It aligns with GTTP objectives that encourage ports across India to deploy zero emission vessels.  

The order does not fall under related party transactions and was awarded by a domestic authority. KMEW aims to leverage its existing expertise from its first Green Tug project to optimise cost and operational efficiency. 

Read More: Saatvik Green Energy Share Price in Focus; Bags ₹177.50 Crore Solar Module Order! 

Growing Role in India’s Green Maritime Initiatives 

This order reinforces KMEW’s involvement in the GTTP initiative designed to replace diesel powered tugs with electric alternatives. With investment commitments across major ports, the programme forms part of Maritime India Vision 2030 which targets lower emissions and widespread adoption of greener maritime operations. KMEW intends to utilise procurement synergies by constructing both Green Tugs together to reduce cost and streamline workflows. 

KMEW’s Position in the Marine Engineering Market 

Incorporated in 2015, KMEW provides marine craft operations, dredging, repair work and technical services for ports and government bodies. Its established track record includes contracts with multiple major ports and maritime organisations. The new long-term order strengthens its portfolio and supports its objective of expanding sustainable vessel operations in India. 

Knowledge Marine & Engineering Works Share Price Performance 

As of November 19, 2025, at 11:11 AM, Knowledge Marine & Engineering Works share price was trading at ₹2,747.40 up by 1.38% from the previous closing price. 

Conclusion 

KMEW’s ₹384.33 crore Green Tug contract from the Visakhapatnam Port Authority highlights its continued participation in India’s transition toward cleaner port operations. The agreement adds to its existing project base and supports national goals aimed at reducing emissions within the maritime sector. 

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