Knowledge Marine Bags ₹19.27 Crore Patrol Boat Contract from Mumbai Port Authority
Team FS
20/Sep/2024
What's covered under the Article:
KMEW has been awarded a ₹19.27 Crore contract for hiring two patrol boats for Mumbai Port.
The contract includes a seven-year deployment of a VIP cum Security launch and a dedicated security launch.
This order marks KMEW's expansion of services, now catering to five major ports in India.
Knowledge Marine & Engineering Works Ltd. (KMEW) recently achieved a significant milestone by securing a contract valued at ₹19.27 Crore from the Mumbai Port Authority for the hiring of two patrol boats. This contract is crucial as it enhances the security services provided at the Mumbai Port, showcasing KMEW's growing influence in the marine engineering sector.
The awarded contract involves the deployment of two specialized patrol boats for the Central Industrial Security Force (CISF). One of these boats is designed as a VIP cum Security launch, specifically for transporting high-profile individuals while also fulfilling essential security duties. The second boat will operate exclusively as a Security Launch, focusing on patrolling the waters of Mumbai Port, ensuring the safety of vessels, personnel, and the port's infrastructure. This initiative is expected to significantly enhance the overall security measures at the port.
KMEW's capabilities have been proven over the years as they cater to five of India's major ports, including Visakhapatnam, Paradip, Tuticorin, and New Mangalore. With the recent Mumbai Port contract, KMEW strengthens its position further, leveraging government contracts to boost its market presence. The company's strategic positioning and established track record reflect its commitment to meeting sector demands effectively.
As India continues to expand its port infrastructure, the patrol boat services sector presents enormous growth potential. The contract with Mumbai Port Authority not only highlights KMEW's expertise but also opens up avenues for expanding its services within the port's ancillary sector. The company is set to meet specific requirements and ensure timely deployment of both patrol boats.
Commenting on this achievement, Mr. Sujay Kewalramani, CEO of KMEW, expressed pride in securing their second order from Mumbai Port Authority. He noted the importance of KMEW's role in the maritime industry, particularly with the government’s focus on enhancing port efficiency and ancillary services.
KMEW has evolved significantly since its inception in 2015, transitioning from a small ship-repair unit to a major player in the marine services segment. The company has developed a diverse portfolio, including dredging and maintenance services for marine crafts, making it a key partner for esteemed clients like the Ministry of External Affairs and various port trusts.
This contract win underscores KMEW's dedication to excellence and timely execution, setting the stage for continued growth and enhanced service offerings at Mumbai Port.
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