This contract entails a daily hire charge for a period of five years. Additionally, in conjunction with the daily hire charges, Paradip Port Authority will provide Fuel (HSD) based on actual consumption. The value of the said contract is Rs 5.02 crore.

Paradip Port Authority (PPA) is one of the major ports on the East Coast of India. The latest order win allows the company to expand its operations on the East Coast, where it already provides services to one of the major ports, Visakhapatnam Port. The company has already provided similar kind of boat to Visakhapatnam Port in the year 2022.

"This order marks our third successful contract win in the fast-speed patrol boat category, underlining our growing presence and success in the small craft business. A new craft, the "High-Speed Patrol Boat" with a speed of 20 knots, will be added to our fleet soon,” the company said in a statement.

Sujay Kewalramani, chief executive officer of KMEW said: "We are excited to announce our recent success in securing a contract with Paradip Port Authority, underscoring our company's exceptional performance and capabilities. This accomplishment signifies our expansion to additional major ports in India."

Knowledge Marine & Engineering Works is an India-based company engaged in the business of owning, chartering/hiring along with manning, operation and technical maintenance of marine crafts, dredging and repairs/maintenance of marine crafts and marine infrastructure and allied works in India.

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