Knowledge Marine & Engineering Works has secured a work order worth Rs 66.11 crore from Inland Waterways Authority of India (IWAI), Ministry of Ports, Shipping and Waterways, Government of India. The company has secured the order in consortium with its subsidiary -- Knowledge Shipyard. The order is for the design, construction, supply, testing and commissioning of 10 Hybrid Electric Passenger Ferries having a capacity of 20 passengers each.
The order is to executed over a period of 10 months, followed by a 60-month maintenance and support commitment. The order represents the first external commercial shipbuilding order secured by Knowledge Shipyard, validating the Group's investments towards creating a dedicated, scalable and future-ready shipbuilding platform.
The project broadens the company's business portfolio and strengthens its transition from a marine services and vessel operations company into an integrated maritime infrastructure and shipbuilding enterprise. The scope of work includes detailed vessel engineering, class approvals, construction, integration of hybrid-electric propulsion systems, navigation and safety equipment, testing, commissioning and final delivery in accordance with IWAI's technical, statutory and quality requirements.
Knowledge Marine & Engineering Works (Knowledge Marine) is engaged in the business of owning and operating of Marine Crafts for dredging along with repairs and maintenance/refits of Marine Crafts and Marine Infrastructure.
