Knowledge Marine Wins ₹80.69 Crore Contract from IWAI for 6 Work Boats and 6 Accommodation Boats

Knowledge Marine & Engineering Works Limited announced on August 7, 2025, securing a significant work order from the Inland Waterways Authority of India valued at ₹80,69,35,920 inclusive of GST. The contract involves the design, construction and supply of 6 work boats and 6 accommodation boats, marking the company's formal entry into the commercial shipbuilding sector.

Scope of IWAI ₹80.69 Crore Contract 

The IWAI contract encompasses design, construction and supply of 6 work boats and 6 accommodation boats to be executed over 20 months. These vessels will support IWAI's Capacity Augmentation of National Waterway-1 River Ganga Project, representing KMEW's strategic shift from internal shipbuilding to serving third-party clients through commercial operations.

Strategic Entry into Commercial Shipbuilding Segment

This prestigious order marks KMEW's formal entry into commercial shipbuilding, transitioning from a ship repair unit to a trusted dredging services provider across India's major ports. CEO Sujay Kewalramani emphasised this milestone reinforces diversification within the maritime sector whilst aligning with the Government of India's strategic focus on enhancing port efficiency and inland waterway infrastructure.

Read More: Garden Reach Signs MoU with Germany’s Reintjes to Enhance Marine Propulsion Technology!

Make in India Vision and B2G Business Model

KMEW's vision encompasses entering shipbuilding to provide Make in India ships to third parties whilst contributing towards nation-building. Previously conducting shipbuilding for in-house use and charter to the Government of India, this maiden contract represents a direct B2G business model, unlocking real value created in the shipbuilding team.

Established Marine Engineering Solutions Provider

Incorporated in 2015, KMEW operates marine crafts, dredging, repair and maintenance services for naval and merchant ships. The company evolved from a small ship-repair unit to a ship-owning company with a multi-million order book from clients including the Ministry of External Affairs, Kolkata Port Trust, Visakhapatnam Port Trust, and various other ports.

Knowledge Marine & Engineering Works Share Price Performance

On August 7, 2025, Knowledge Marine & Engineering Works share price opened at ₹1,680.00 on NSE, below the previous close of ₹1,681.10. During the day, it surged to ₹1,729.00 and dipped to ₹1,645.20. The stock is trading at ₹1,666.00 as of 2:25 PM. The stock registered a decline of 0.90%.

Over the past week, it has moved up by 1.61%, over the past month, it has moved up by 0.29%, and over the past 3 months, it has moved up by 18.98%.

Conclusion

KMEW's ₹80.69 crore IWAI contract for 6 work boats and 6 accommodation boats marks a pivotal commercial shipbuilding entry over a 20-month execution period. The landmark achievement demonstrates the company's evolution from ship repair to ca omprehensive marine engineering solutions provider whilst supporting India's inland waterway infrastructure development and maritime objectives through quality vessel manufacturing.

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