Knowledge Marine & Engineering Works Limited (KMEW) made a powerful statement at India Maritime Week 2025, unveiling multiple agreements worth ₹1,560 crore. The move underscores the company’s growing presence in India’s maritime transformation and its vision for sustainable growth.
At the event organised by the Ministry of Ports, Shipping and Waterways, KMEW formalised Memoranda of Understanding (MoUs) with the Mumbai Port Authority, V.O. Chidambaranar Port Authority, and the Maharashtra Maritime Board.
The partnerships span operations, manning, maintenance, and technical management of marine crafts, including 6 conventional harbour tugs, one GTTP-compliant battery-operated tug, 2 dock tugs, and 2 security patrol boats. These projects will also involve shipbuilding and repair services, contributing directly to the “Make in India” vision.
KMEW’s agreements represent a decisive step toward modernising India’s port operations with eco-friendly harbour solutions and enhanced maritime logistics. By integrating green tug technology, the company is aligning with India’s broader sustainability agenda and helping reduce emissions across key shipping hubs.
The partnerships are also expected to promote greater efficiency, transparency, and competitiveness within the sector, benefitting ports, operators, and allied industries.
Founded in 2015 and headquartered in Mumbai, KMEW is a BSE- and NSE-listed company specialising in shipbuilding, repair, dredging, and marine infrastructure. Its clientele includes major Indian ports and government entities such as the Ministry of External Affairs, Visakhapatnam Port Trust, and the Dredging Corporation of India.
As of November 03, 2025, at 1:35 PM, Knowledge Marine & Engineering Works share price is trading at ₹2,730.70 per share, reflecting a gain of 11.79% from the previous closing price. Over the past month, the stock has gained by 15.04%.
By sealing landmark MoUs worth ₹1,560 crore, Knowledge Marine has reinforced its position as a key player in India’s maritime evolution. With a focus on innovation and sustainability, the company is charting a course toward becoming a global name in green marine solutions.
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Published on: Nov 3, 2025, 3:28 PM IST
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