Knowledge Marine zooms on securing work order worth Rs 28.32 crore
Knowledge Marine & Engineering Works is currently trading at Rs 1780.25, up by 115.10 points or 6.91% from its previous closing of Rs 1665.15 on the BSE.
The scrip opened at Rs 1683.45 and has touched a high and low of Rs 1810.10 and Rs 1652.00 respectively. So far 2002 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 2483.05 on 05-Dec-2024 and a 52-week low of Rs 1100.00 on 16-Aug-2024.
Last one week high and low of the scrip stood at Rs 1810.10 and Rs 1597.90 respectively. The current market cap of the company is Rs 1922.85 crore.
The promoters holding in the company stood at 60.69%, while Institutions and Non-Institutions held 0.64% and 38.68% respectively.
Knowledge Marine & Engineering Works has received a work order from Dredging Corporation of India for Maintenance Dredging at Pondicherry Port during 2024-25. The contract shall be executed over a period 3 months and can be extended by one month and is valued at Rs 28.32 crore inclusive of GST.
The scope of order includes dredging in the Mouth Portion and its approach, Entrance Channel and Sand Trap Areas of Pondicherry Port from existing depth to designed depth. Approximately 2,00,000 Cu. M. quantity will be dredged over a period of 3 months. This scope is vital to ensuring safe and efficient vessel movement, enhancing port accessibility, and supporting operational continuity at Pondicherry Port. The company’s proven capabilities in precision dredging and its deployment of specialized equipment from its existing fleet will ensure timely and effective execution of this high-impact assignment.
This contract marks a major milestone for the company, representing its maiden engagement at Pondicherry Port and further expanding its operational footprint across India’s maritime infrastructure. The award underscores the company’s reputation as a trusted partner in the dredging sector, backed by a decade of consistent performance across major Indian ports.
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.
