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Corporate News
08-Dec-23
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Knowledge Marine & Engineering Works secures contract from Visakhapatnam Port Authority
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Knowledge Marine & Engineering Works has been awarded the Letter of Award (LoA) by the Visakhapatnam Port Authority for the supply, manning, operation, and maintenance of 1 No pilot launch with a steel hull on hire basis at a contract value of Rs. 3.44 crore. The contract is for a period of three years and is set to commence from 24 March 2024.
Commenting on the Letter of Award, Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works said that, “We are pleased to share that we've secured a contract from the Vishakhapatnam Port Authority, underscoring our achievements in the port ancillary business. This success not only strengthens our standing at the port but also underscores our proficiency in securing contracts at higher price points. This contract win is a testament to our ongoing success at the port, having previously received an extension. We believe this achievement sets a benchmark for other major ports in India, further motivating us to explore additional opportunities in the industry.”
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