Rs 881 crore order book: Knowledge Marine & Engineering Works Secures Landmark Green Tug Deal, Plans to contribute to Maritime Decarbonization
DSIJ Intelligence-1 / 27 Oct 2025/ Categories: Multibaggers, Trending
The stock is up 97.2 per cent from its 52-week low of Rs 1,265 per share and has given multibagger returns of 300 per cent in 3 years.
Knowledge Marine & Engineering Works Limited (KMEW) has announced a significant milestone with the award of a Letter of Intent (LOI) from V. O. Chidambaranar Port Authority (VOCPA) for the deployment of a 60 Ton Bollard Pull capacity Electric Tug. This 'Green Tug' is compliant with the Green Tug Transition Program (GTTP) and will be battery-operated. The LOI, valued at Rs 385.76 crore and spanning 15 years, covers the complete hiring, manning, operations, maintenance and technical management of the tug. This achievement places KMEW among the select group of Indian companies leading the transition to sustainable marine operations, reinforcing its operational excellence and commitment to innovation. The electric tug will be designed and built in-house, showcasing KMEW's growing capabilities in advanced marine solutions and its continued strategic success at VOCPA, following an earlier contract for a conventional tug.
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This landmark deal firmly aligns KMEW with India’s ambitious Maritime India Vision 2030 and the nation's broader climate goals, which mandate a move toward cleaner fuels and a reduction in carbon emissions across port operations. The GTTP requires major Indian ports to adopt zero-emission tugs and KMEW is proud to be a key player in this national decarbonization effort. The contract—one of the longest-tenured LOIs the company has received in a decade—reaffirms KMEW's deep commitment to integrating sustainable technologies and supporting the Government's vision for a resilient, low-carbon maritime ecosystem. Through this engagement, KMEW reinforces its ethos of environmental stewardship and long-term value creation for its stakeholders and the country.
About the Company
Incorporated in 2015, Knowledge Marine & Engineering Works Ltd. (KMEW) specialises in marine engineering, including the ownership and operation of marine crafts, dredging and the repair and maintenance of ships and marine infrastructure. The company has grown from a small ship-repair unit to a ship-owning company, establishing itself as a key player in India's small marine craft and dredging sectors. KMEW holds a multi-million Order Book with prestigious clients, including the Ministry of External Affairs and major port trusts such as Kolkata, Visakhapatnam, Deendayal, Paradip and the Dredging Corporation of India.
The company has a market cap of over Rs 2,500 crore. As of May 2025, the company’s order book stands at Rs 881 crore. An Ace Investor, Ashish Kacholia, holds the highest public stake in the company, owning 3,00,000 shares or 2.78 per cent as of September 2025. The shares of the company have an ROE of 26 per cent and an ROCE of 24 per cent. The stock is up 97.2 per cent from its 52-week low of Rs 1,265 per share and has given multibagger returns of 300 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.