Mumbai, November 3, 2025 — Knowledge Marine & Engineering Works (KMEW) (BSE: 543273 | NSE: KMEW) announced the signing of strategic Memoranda of Understanding (MoUs) worth Rs 15.60 billion during India Maritime Week 2025 held at the Bombay Exhibition Centre, Mumbai.

The MoUs, signed with the Mumbai Port Authority, V. O. Chidambaranar Port Authority, and the Maharashtra Maritime Board, cover a wide range of services including chartering, manning, operation, maintenance, and full technical management of six conventional harbour tugs for seven years and one GTTP-compliant battery-operated harbour tug for 15 years. They also include chartering of two dock tugs and two security patrol boats for seven years, along with shipbuilding and repair support for the Maharashtra Maritime Board.

These agreements represent a major step forward in KMEW’s mission to enhance sustainable maritime operations and support India’s green port initiatives. The company will deliver next-generation tug and patrol solutions focused on safety, efficiency, and environmental stewardship.

Commenting on the milestone, Sujay Kewalramani, CEO, Knowledge Marine & Engineering Works, said, “These partnerships are more than commercial engagements—they reflect our commitment to supporting India’s transition to a green and globally competitive maritime sector. The recent Letters of Intent for Green and Conventional Tugs further reinforce our alignment with national sustainability goals.”

He added that KMEW’s partnerships with key port authorities position the company to deliver transformative solutions, accelerate innovation, and achieve its long-term vision of becoming a billion-scale enterprise.