Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Knowledge Marine & Engineering Works has informed that Knowledge Dredging Co. W.L.L., Bahrain (Subsidiary Company of Knowledge Marine & Engineering Works, India) has received Letter of Intent (LOI) from ‘M/s Eastern Asphalt & Mixed Concrete Co. W.L.L’ on 24th August, 2023 for the work of ‘Supply and Sale of Dredged Marine Sand’ for an amount of 1.87 Million Bahraini Dinar (approx. equivalent to 41.51 Crores Indian Rupees, using an exchange rate of 1 BD = Rs. 221.40) for a period of 5 Years. The work shall commence from Q3 of FY 2023-2024. A detailed announcement in the form of Press Release is attached.
The above information is a part of company’s filings submitted to BSE.
