Please find enclosed herewith the Press Release titled "Strategic Expansion through acquisition of Waterfront Land for Shipyard". The said Press Release is self-explanatory.
KMEW · price
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Knowledge Marine & Engineering Works Limited (KMEW) announced acquisition of approximately 15 acres of prime waterfront land at Saphale, Palghar, Maharashtra, with an option to expand by an additional 5 acres. The acquisition was executed through its subsidiary, Knowledge Shipyard Private Limited. The site offers ~188m waterfront access, natural slipway with ~6m high-tide draft, and is located near the upcoming Vadhvan Port along the Vaitarna River. KMEW plans to develop this into a fully integrated, digitally enabled shipyard for shipbuilding, repair, and lifecycle support operations. The company intends to phase expansion from specialized workboats and tugs to large-scale vessels.
This acquisition positions KMEW to enter commercial shipbuilding at scale, aligning with India's maritime growth policies. For shareholders, this signals significant capital deployment toward long-term infrastructure that could drive future revenue growth, though near-term earnings impact remains limited as the facility is under development.