KMEW subsidiary acquires ~15 acres of waterfront land in Palghar, Maharashtra for a new shipyard with a 5-acre expansion option.
The shipyard will feature advanced infrastructure, sustainability design, and phased expansion targeting workboats, tugs, and large vessels.
Strategic location near Vadhvan Port offers natural slipway, ~188m waterfront access, and aligns with India's Maritime Vision 2030 initiatives.
CEO Sujay Kewalramani states this marks a new maritime chapter for KMEW, supporting national self-reliance and green transition goals.