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Knowledge Marine secures LoA from Myanmar Port Authority

Knowledge Marine & Engineering Works Ltd. | Ship Building | Construction & Infrastructure | BSE: 543273 | NSE: KMEW

18 Aug 2023 Evaluate

Knowledge Marine & Engineering Works (KMEW) has secured a Letter of Award (LoA) from the esteemed Myanmar Port Authority. This accomplishment represents a major milestone, underscoring the company’s selection to undertake the crucial task of dredging and enhancing the Yangon River channel, building on the company’s prior success at the Sittwe Port. With a contract value of $2.20 million, this engagement not only presents an opportunity for foreign exchange generation but also signifies the trust bestowed upon the company by a foreign government due to its exceptional performance at Sittwe Port, Myanmar. This marks the company’s second contract within Myanmar, highlighting its commitment and expertise in the field. The said Contract is to be executed within a period of six months from October 1, 2023.

The contract's scope encompasses the maintenance of the Yangon River, which stands as a pivotal element among the nine ports gracing the Myanmar coast. Of these, Yangon port commands a position of international significance, facilitating over 90% of the nation's customary imports and exports. Originating from the confluence of the Pegu and Myitmaka Rivers within Myanmar, the Yangon River-alternatively known as the Rangoon River or Hlaing River-takes shape. Its trajectory traces a marine estuary's path from Yangon (also recognized as Rangoon) to the Gulf of Martaban within the Andaman Sea. This navigable channel accommodates ocean-going vessels, thereby playing an indispensable role in Myanmar's economy.

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

Company Name	CMP
Mazagon Dock Ship	2618.30
Cochin Shipyard	1561.45
VMS Industries	24.80
Knowledge Marine & E	1775.50
Laxmipati Engineerin	262.80
View more..

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Knowledge Marine secures LoA from Myanmar Port Authority

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