Knowledge Marine & Engineering Works Limited (KMEW) has received a work order from Paradip Port Authority (PPA) for the hiring of one 25-Knot Speed Patrol-Cum-Chase Boat (RSV4/ MS Act) along with Manning Crew.
The contract is valued at ₹11,41,01,079/- including GST (Rupees Eleven Crores Forty-One Lakh One Thousand Seventy-Nine Only) and has a duration of five years.
Key Contract Details:
- Client: Paradip Port Authority (domestic entity)
- Service: Hiring of 01 no. 25 Knots Speed Patrol-Cum-Chase Boat with Manning Crew
- Contract Period: 5 years
- Value: ₹11,41,01,079/- including taxes
- Nature: Domestic contract, not a related party transaction
Operational Purpose:
The vessel will augment PPA's waterfront patrolling capabilities to meet ISPS Code requirements and execute critical marine operations. It will operate round-the-clock in all weather conditions to intercept and deter unauthorized crafts within port limits while supporting broader marine operations.
Execution Plan:
KMEW will construct the Speed Patrol-Cum-Chase Boat in-house, tailored to Paradip Port Authority's specific operational requirements. The execution will be supported by the Group's expanding shipbuilding capabilities through Knowledge Shipyard Private Limited (KSPL), KMEW's dedicated shipbuilding arm, along with the upcoming shipyard at Saphale, Maharashtra.
Management Commentary:
CEO Mr. Sujay Kewalramani stated that this is a repeat order from Paradip Port Authority, reflecting continued trust in KMEW. The order underscores KMEW's role as a trusted partner in advancing national port security standards and supporting the strategic growth of India's maritime sector.
Corporate Structure Impact:
The promoter/promoter group/group companies have no interest in Paradip Port Authority, and the contract does not qualify as a related party transaction.