Knowledge Marine & Engineering Works Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KMEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KMEW has received a work order valued at ₹80.69 Crores (inclusive of GST) from the Inland Waterways Authority of India (IWAI), a government body, for the design, construction and supply of 6 Work Boats and 6 Accommodation Boats. The boats are intended for the Capacity Augmentation of National Waterway-1 (River Ganga) Project, with delivery scheduled over a 20-month period. This is KMEW's first direct B2G (business-to-government) shipbuilding contract, marking its formal entry into the commercial/third-party shipbuilding segment beyond its existing dredging and ship repair operations. The transaction is not a related party deal and promoters have no interest in IWAI.
This is a landmark maiden order that opens a new revenue vertical in commercial shipbuilding, potentially strengthening the order book and providing revenue visibility over the next 20 months. Positive for the stock as it validates the company's shipyard acquisition and diversification strategy into government-driven maritime infrastructure projects.