Knowledge Marine & Engineering Works has secured its Third Green Tug contract, valued at around Rs 279.33 crore (including taxes), from Mumbai Port Authority, one of the Major Ports of India. The contract involves the construction and hiring of a battery-operated Green Tug for a tenure of 15 years.
With this, the company has further strengthened its presence in India's emerging Green Tug segment, having won three Green Tug contracts awarded by Major Ports within a relatively short period. These contracts represent the company's growing portfolio of next-generation marine assets with long-term operating commitments.
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.
