Knowledge Marine & Engineering Works soars on bagging contract worth Rs 67.85 crore
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Knowledge Marine & Engineering Works is currently trading at Rs. 255.00, up by 10.00 points or 4.08% from its previous closing of Rs. 245.00 on the BSE.
The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 260.00 and Rs. 250.00 respectively. So far 12000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 280.00 on 09-May-2022 and a 52 week low of Rs. 41.80 on 07-Oct-2021.
Last one week high and low of the scrip stood at Rs. 260.00 and Rs. 222.00 respectively. The current market cap of the company is Rs. 250.78 crore.
The promoters holding in the company stood at 73.27%, while Non-Institutions held 26.73% stake in the company.
Knowledge Marine & Engineering Works has been awarded a contract for Capital Dredging at Mangrol Fishing Harbour Phase III Part B by Dredging Corporation of India (DCI) on May 31, 2022 for a tenure of 12 months. The total project is valued at Rs 67.85 crore plus GST. The project is being developed under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
Knowledge Marine & Engineering Works is engaged in the business of owning and operating of Marine Crafts for dredging along with repairs and maintenance/refits of Marine Crafts and Marine Infrastructure.
