KSINC bags order worth Rs 3.3 cr for supply of FRP rescue boats for Muziris Heritage project

Kerala Shipping and Inland Navigation Corporation, who are pioneers in building steel vessels in the state, have entered into Fibre Reinforced Plastic (FRP) boat building since December 2019
KSINC bags order worth Rs 3.3 cr for supply of FRP rescue boats for Muziris Heritage project

Muziris Heritage Project, which is the largest heritage conservation project in India, has entrusted supply of three Hop-On Hop-Off boats and one four-seater speedboat to Kerala Shipping and Inland Navigation Corporation (KSINC). The agreement was signed in presence of MLA VR Sunil Kumar between N Prashanth IAS — Managing Director of KSINC — and PM Naushad, who is the Managing director of Muziris Heritage Project on January 27.

The three 25-seater boats and the speedboat cost an approximate of Rs 3.3 Crore, and reportedly, they are to be used for rescue purposes. They have been designed with advanced features and comfort, and will be under warranty for one year. Additionally, a one-year Annual Maintenance Contract (AMC) is included in the proposal as well.

KSINC, who are pioneers in building steel vessels in the state, have entered into Fibre Reinforced Plastic (FRP) boat building since December 2019. Currently, KSINC has undertaking construction of FRP boats for the Department of Tourism, DTPC, KTDC, Department of Sports and Youth Affairs etc. KSINC is also expecting water tourism works including infrastructure development and boat building from other states — including but not limited to Bihar, Tamil Nadu, and Maharashtra. KSINC has already signed a Memorandum of Understanding with the Department of Tourism, Government of Odisha, for the development of water tourism there, for which the works are ongoing.

Currently, other assignments include transportation of goods through waterways, CRZ clearances, managing of vessels etc. The turnover of the company reached Rs 20 Crore in the last quarter. The company is expecting to attain a Rs 100 Crore turnover in the financial year 2021-2022.¬

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