Knowledge Marine jumps on securing LoA from Paradip Port Authority
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Knowledge Marine & Engineering Works is currently trading at Rs. 1520.00, up by 36.80 points or 2.48% from its previous closing of Rs. 1483.20 on the BSE.
The scrip opened at Rs. 1510.00 and has touched a high and low of Rs. 1520.00 and Rs. 1481.05 respectively. So far 6375 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1815.00 on 01-Sep-2023 and a 52 week low of Rs. 590.00 on 24-Oct-2022.
Last one week high and low of the scrip stood at Rs. 1560.00 and Rs. 1480.00 respectively. The current market cap of the company is Rs. 1629.87 crore.
The promoters holding in the company stood at 67.09%, while Institutions and Non-Institutions held 0.58% and 32.33% respectively.
Knowledge Marine & Engineering Works has been awarded the Letter of Award (LoA) by the Paradip Port Authority for supply of 01 No. 20 Knots Speed Patrol Boat with a manning crew on hire, for a contract valued at Rs 5.02 crore, excluding GST. 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.
This order marks the company’s third successful contract win in the fast-speed patrol boat category, underlining its 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 its fleet soon.
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.
