SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Knowledge Marine shines on securing major dredging contract from RKEC Projects

21 Mar 2023 Evaluate

Knowledge Marine & Engineering Works is currently trading at Rs. 1020.00, up by 18.65 points or 1.86% from its previous closing of Rs. 1001.35 on the BSE.

The scrip opened at Rs. 1025.00 and has touched a high and low of Rs. 1025.00 and Rs. 1020.00 respectively. So far 0 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1450.00 on 13-Jan-2023 and a 52 week low of Rs. 156.15 on 04-Apr-2022.

Last one week high and low of the scrip stood at Rs. 1055.95 and Rs. 925.00 respectively. The current market cap of the company is Rs. 1081.56 crore.

The promoters holding in the company stood at 67.09%, while Institutions and Non-Institutions held 0.60% and 32.31% respectively.

Knowledge Marine & Engineering Works (KMEW) has secured a major dredging contract from M/s RKEC Projects on March 20, 2023 for the work of Development of Fishery Harbour at Veraval (Phase - II), Package, Gir Somnath of M/s Gujarat Maritime Board (GMB) for an amount of Rs 47.02 crore (including GST) for a period of 30 months. This is the consecutive second order of the company for development of fishing harbor in Gujarat. The project is being developed under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

The scope of work includes the dredging of inner and outer Harbour areas for removal of all types of soft soil such as sand, silt, clay etc. and removal of hard strata such as gravel, weathered rock, boulders to improve navigation in the area. KMEW needs to mobilize and deploy the Equipments by September 30, 2023 for the said project.

This order will be KMEW’s second Rock Dredging work after Mangrol Fishing Harbour Work. KMEW will execute the work single handedly with the deployment of suitable equipment. KMEW will work closely with RKEC and Gujarat Maritime Board (GMB) to obtain all the necessary statutory permissions and ensure compliance with highest standards of safety and environmental regulations.

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.

Knowledge Marine & E Share Price

1775.50 -58.05 (-3.17%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×