Knowledge Marine & Engineering Works Limited has secured a ₹66.11 crore contract from the Inland Waterways Authority of India (IWAI) to design and construct 10 hybrid electric passenger ferries. The order, received in consortium with subsidiary Knowledge Shipyard Private Limited (KSPL), marks the first external commercial shipbuilding order for KSPL and strengthens the group's position in the green maritime infrastructure segment.

Contract Details

The project is valued at ₹66.11 crore, including applicable taxes. This total comprises ₹65.52 crore for the construction of the ferries and ₹0.59 crore for maintenance and support. The vessels will have a capacity of 20 passengers each. The design, construction, supply, testing, and commissioning are scheduled to be completed within 10 months from the receipt of the work order, followed by a 60-month maintenance and support commitment.

Project Scope and Strategic Alignment

The scope of work includes detailed vessel engineering, class approvals, integration of hybrid-electric propulsion systems, and navigation and safety equipment. The award aligns with the Government of India's initiatives under the Harit Nauka – Inland Vessels Green Transition Guidelines, aimed at accelerating sustainable inland water transportation.

Management Commentary

Sujay Kewalramani, Chief Executive Officer of Knowledge Marine & Engineering Works Limited, stated that the award validates the company's vision of building a scalable shipbuilding platform. He noted that the project will consume less than 5% of the shipyard's capacity and resources, positioning the group within the emerging ecosystem for hybrid and electric vessels.

Knowledge Marine & Engineering Works Limited disclosed that its Promoter and Promoter Group held 1,31,08,670 equity shares of Rs. 5/- each as of March 31, 2026. The filing confirms that none of these equity shares were encumbered directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges in compliance with Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulation, 2011.

The filing was made by Kanak Sujay Kewalramani, Promoter, Whole-time Director & CFO, on behalf of all the Promoters & Promoter Group. The submission was addressed to the Listing Department of BSE Limited and the Listing & Compliance Department of The National Stock Exchange of India Limited.

Promoter and Promoter Group Details

The disclosure identifies the individuals and entities comprising the Promoter and Promoter Group. The list includes two promoters and twenty-two members of the promoter group or persons acting in concert.

List of Promoters

List of Promoter Group / Persons Acting in Concert

The registered office of Knowledge Marine & Engineering Works Limited is located at Unit No. 706-707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk, Chembur - East, Mumbai-400071.