Announced Sat, 19 Sept, 2026 · 22:41 IST
KMEW bags Rs 279.33 crore Green Tug order from Mumbai Port Authority
KMEW · price
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Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹2885.00
prior close
₹2990.00
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AI summary
Knowledge Marine (KMEW) has won a Rs 279.33 crore order from Mumbai Port Authority to build and charter a 60-ton battery-operated electric Green Tug for 15 years, including operations and maintenance. This is KMEW's third Green Tug contract from a major Indian port, supporting the government's green maritime push and adding long-term revenue visibility.
Likely market impact
Long-term (15-year) government order boosts order book and revenue visibility. Strengthens Green Tug portfolio in line with India's clean maritime transition.