Hot Pursuit
Knowledge Marine & Engineering Works Ltd. is currently trading at Rs 3113.4, up 0.78%, while the stock has declined 1.15% over the last one week.
Knowledge Marine & Engineering Works Limited (KMEW) has secured a Rs 303.17 crore, three-year maintenance dredging contract from New Mangalore Port Authority (NMPA), covering the fiscal years 2026-27, 2027-28, and 2028-29, marking the company’s largest-ever dredging order and a strategic move towards higher-volume projects. The contract, which includes dredging 15.9 million cubic meters over the period, was awarded after KMEW emerged as the lowest bidder, undercutting competitors by approximately 10.16%. Operations are slated to begin November 15, 2026, and the award significantly expands KMEW’s order book and provides multi-year revenue visibility.
Trading volume totaled 1.16 lakh shares today, a decrease of 20.38% from the one-week average volume. Knowledge Marine & Engineering Works Ltd. jumped by 161.55% year-over-year, outperforming the 11.96% loss registered by the NIFTY50 index.