Knowledge Marine & Engineering Works Limited (KMEW) has secured a significant 20-year contract to operate a luxury cruise service on the Narmada River, marking its entry into the maritime tourism industry. The company received a Letter of Acceptance from the Madhya Pradesh Tourism Board (MPTB) for this ambitious project.

Project Highlights

• Route: The cruise will operate between Kukshi, District Dhar (Madhya Pradesh) and the Statue of Unity, Gujarat, covering approximately 135 km on the Narmada River.
• Vessel: KMEW will launch 'River Pearl Cruise,' a 70-meter twin-hull luxury catamaran.
• Amenities: The cruise will feature 36 deluxe cabins, fine dining facilities, an infinity pool, spa, and hybrid propulsion systems.
• Itinerary: The vessel will offer three-day voyages connecting the Statue of Oneness at Omkareshwar and the Statue of Unity.
• Estimated Revenue: KMEW projects potential revenue generation of up to 800.00 crores over the 20-year period.
• Launch Timeline: The cruise is scheduled to launch within 21 months from the date of the Letter of Acceptance, subject to signing a detailed agreement with MPTB.

Cruise Itinerary

Environmental and Economic Impact

The 'River Pearl Cruise' is designed to blend luxury with environmental responsibility. It will feature hybrid propulsion systems and zero-discharge waste management for eco-friendly operations. This initiative aligns with India's growing commitment to sustainable tourism and green transport.

KMEW CEO, Mr. Sujay Kewalramani, expressed enthusiasm about the project, stating, "We are thrilled to embark on this exciting journey. Our entry into the cruise industry reflects our commitment to innovation, excellence, and creating exceptional experiences for our guests."

The project, conceptualized under the MP Tourism Policy 2025, aims to promote eco-tourism, generate local employment, enhance connectivity, and introduce both luxury and budget cruise options complemented by onshore experiences.

With the Statue of Unity attracting approximately 30,000 daily visitors as of September 2025, KMEW is well-positioned to capitalize on the growing demand for unique and immersive maritime experiences in India.

This strategic move into the maritime tourism sector represents a significant diversification for Knowledge Marine & Engineering Works, potentially opening up new revenue streams and growth opportunities in the evolving Indian tourism landscape.

Knowledge Marine & Engineering Works Limited (KMEW) has clinched a significant contract worth ₹127.12 crore from the Inland Waterways Authority of India (IWAI). The deal involves the supply of four cutter suction dredgers along with ancillary units, marking a substantial development for the company in the marine engineering sector.

Contract Details

Company Overview

Knowledge Marine & Engineering Works Limited specializes in ship building, repairs, chartering, and marine contracting. The company's registered office is located in Mumbai, indicating its strategic position in one of India's major port cities.

Recent Corporate Actions

The LODR data reveals that KMEW recently held an Extra-Ordinary General Meeting (EGM) on October 09, 2025, where two special resolutions were passed:

1. Approval for issuance of equity shares on a preferential basis
2. Approval for issuance of convertible warrants on a preferential basis

This suggests that the company is actively pursuing growth strategies, possibly to fund expansions or new projects like the recently secured IWAI contract.

Market Implications

The ₹127.12 crore contract represents a significant business opportunity for KMEW. It not only provides a substantial revenue stream but also strengthens the company's position in the inland waterways sector. The 18-month project duration indicates a medium-term positive impact on the company's financials.

Conclusion

The contract win by Knowledge Marine & Engineering Works Limited demonstrates the company's capabilities in the marine engineering sector and its ability to secure large-scale projects from government entities. As the inland waterways sector continues to develop in India, KMEW appears well-positioned to capitalize on future opportunities in this space.