Knowledge Marine & Engineering Works through its subsidiary company 'Knowledge Dredging Co. W.L.L’, has received a Letter of Intent (LoI) from NASS Corporation B.S.C for the supply of dredged marine sand in Bahrain. This notable contract carries a substantial value of 3.01 Million Bahraini Dinar (round equivalent to Rs 66.38 crore, using an exchange rate of 1 BD = Rs 220.44) and spans a tenure of 5 years. Set to commence during the third quarter of the fiscal year 2023- 2024.
This signifies the company's attainment of the sixth contract for the supply of dredged marine sand in Bahrain. Having successfully secured six contracts, the company has established an order book totaling Rs 450 crore for the upcoming five years and has added another significant achievement to its portfolio. This achievement highlights the robust demand in the Bahraini economy, driven by a notable upswing in both real estate activities and associated infrastructure development.
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.
| 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 |
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