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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KMEW announced acquisition of approximately 15 acres of prime waterfront land at Saphale, Palghar, Maharashtra through its subsidiary Knowledge Shipyard Private Limited. The land, situated along the Vaitarna River near the upcoming Vadhvan Port, features about 188 meters of waterfront access and a natural slipway with 6-meter high-tide draft. The company plans to develop this into a fully integrated, digitally enabled shipyard with capabilities spanning hull fabrication, vessel repair, and lifecycle support. The expansion will be phased: Phase I focuses on workboats and tugs, Phase II adds repair facilities and floating dry docks, and Phase III targets large-scale vessel construction. The company positions this as aligned with India's Maritime India Vision 2030 and green transition initiatives.
This acquisition signals significant vertical integration into shipbuilding, potentially strengthening KMEW's long-term revenue base and market position in the maritime sector. For investors, this represents a major capital deployment that may take years to generate returns, indicating management's commitment to growth but with near-term dilution of capital efficiency.