Knowledge Marine & Engineering Works Ltd. (KMEW) (BSE: 543273) has secured a five-year contract from the New Mangalore Port Authority to supply an RSV Type IV Security Patrol Boat with a speed of at least 25 knots. Valued at ₹9,69,51,470, this contract represents KMEW’s first with the Port Authority and highlights a significant upgrade in their technical capabilities.
The contract includes supplying, manning, operating, and maintaining a patrol boat for 24/7 CISF duties. The boat must meet Class requirements for optimal performance.
The River-Sea Vessel (RSV) Type 4 Patrol Boat, capable of speeds over 25 knots, enhances KMEW’s capabilities compared to previous 20-knot models. This upgrade boosts KMEW’s market presence and strengthens its position in maritime security.
Following the contract win, the company plans to deploy the boat ahead of schedule to start operations promptly. Its versatility allows it to operate effectively in rivers, coastal waters, and open seas, enhancing the company’s ability to adapt to diverse maritime environments.