KMEW Secures ₹66.11 Crore Order for 10 Hybrid Electric Ferries from IWAI
KMEW, in a consortium with KSPL, has secured a ₹66.11 Crore order from IWAI for 10 Hybrid Electric Passenger Ferries. The contract includes 10 months for construction and 60 months for maintenance and support. This is KSPL's first external commercial shipbuilding order.
The order value is substantial and represents a key strategic milestone for the company, diversifying its business and strengthening its integrated maritime platform.
The company has secured a significant new order, which is positive for its business growth and strategic expansion into green shipbuilding.
Knowledge Marine & Engineering Works Limited (KMEW), in consortium with its subsidiary Knowledge Shipyard Private Limited (KSPL), has received a work order from the Inland Waterways Authority of India (IWAI) valued at ₹66.11 Crores. The contract encompasses the design, construction, supply, testing, and commissioning of 10 Hybrid Electric Passenger Ferries, each with a capacity of 20 passengers.
The construction of the ferries is valued at ₹65.52 Crores, and the associated maintenance and support commitment for 60 months is valued at ₹0.59 Crores. The design, construction, supply, testing, and commissioning are to be completed within 10 months from the receipt of the work order.
This award marks a significant strategic milestone for KMEW, representing the first external commercial shipbuilding order for KSPL and strengthening KMEW's position as an integrated maritime infrastructure and shipbuilding enterprise. The project aligns with the Government of India's initiatives to promote sustainable inland water transportation and green maritime infrastructure.
What to do with a filing like this
Knowledge Marine & Engineering Works Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Knowledge Marine & Engineering Works Limited. Read the original for the full detail.