Knowledge Marine & Engineering Works has bagged one more project from Inland Waterways Authority of India (IWAI) for the work of �Fairway-Maintenance on Quantity Based Dredging of Barh � Digha Stretch (74 Km) for National Waterway � 1 (River Ganga)�. The contract is valued at Rs 73.14 crore (including GST) for a period of three years and further extendable by 2 more years.Powered by Capital Market - Live News

Knowledge Marine & Engg. Works will hold a meeting of the Board of Directors of the Company on 21 March 2024.Powered by Capital Market - Live News

Knowledge Marine & Engineering Works has bagged a project from Inland Waterways Authority of India (IWAI) for Fairway Maintenance of Farakka - Kahalgaon (146 km) stretch of National Waterway -1 (River Ganga) for an amount of Rs. 98.06 crores for a period of 3 years.Powered by Capital Market - Live News

Knowledge Marine & Engineering Works, operating through its Wholly Owned Subsidiary Company `Knowledge Marine Co. W.L.L.,` established in Bahrain, has acquired a Trailing Suction Hopper Dredger River Pearl 18 (Ex SEAFORD) of 1,890 Cubic Meters hopper capacity bearing IMO No. 7349388. The vessel is built in Krupp, Germany in the year 1974 but rebuilt in 2010 and is registered under Bureau Veritas (IACS Class) with the inbuilt pump ashore facility which is very crucial for discharge of sand. The recently acquired asset, River Pearl 18, will be the third TSHD in the fleet of KMEW and has been mobilized from Bulgaria to Bahrain and is ready to be deployed in Bahrain to spearhead the sand mining contracts. This vessel boasts advanced capabilities, allowing for the efficient extraction of sand from the seabed and seamless transportation over extensive distances. With a projected operational lifespan of approximately 15 years, River Pearl 18 represents a valuable addition to the existing fleet. Powered by Capital Market - Live News

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.� Powered by Capital Market - Live News