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Stock jumps 9.2% after receiving ₹28.3 Cr order from Dredging Corporation of India

Prominent dredging company awarded ₹28.32 crore Pondicherry Port project, involving three-month maintenance dredging of 2,00,000 cubic meters to improve vessel safety, port access, and operational efficiency.

Introduction

Leading dredging firm secures ₹28.32 crore order for maintenance dredging at Pondicherry Port. The project involves removing 2,00,000 cubic meters of material over three months, enhancing vessel safety, port access, and operational efficiency.

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Share price movement of Knowledge Marine

On August 18, 2025, Knowledge Marine & Engineering Works Ltd opened at ₹1,683.45, up 1.08% from its previous close of ₹1,665.15. The stock reached a high of ₹1,818.00 (9.17%) and a low of ₹1,652.00. By 4:01 PM, it traded at ₹1,817.90, with a market cap of ₹1,963.51 crore.

KMEW Wins ₹28.3 Cr Pondicherry Dredging Order

Knowledge Marine & Engineering Works Limited (KMEW) has been awarded a ₹28.32 crore work order by Dredging Corporation of India (DCI) for maintenance dredging at Pondicherry Port during 2024-25. The project spans three months, with a possible one-month extension.

The scope includes dredging the mouth portion, entrance channel, and sand trap areas to the designed depth. Around 2,00,000 cubic meters of material will be dredged. The work ensures safe vessel movement and improves port accessibility and operational efficiency.

KMEW will use its in-house dredger from the existing fleet for execution. This marks the company’s first project at Pondicherry Port and expands its operational footprint, highlighting its expertise and decade-long presence in Indian ports.

Recent news on Knowledge Marine

As of May 20, 2025, Knowledge Marine & Engineering Works Ltd has been awarded a ₹10.77 crore contract by Dredging Corporation of India for three-year single and multi-beam surveys at Deendayal Port.

Ace investor holding in Knowledge Marine

Ashish Kacholia holds a 2.78% stake in Knowledge Marine & Engineering Works Ltd, owning 3,00,000 shares valued at ₹54.5 crore.

Stock performance of Knowledge Marine for Period of 1 week, 6 months, and 1 year

Knowledge Marine & Engineering Works Ltd delivered a 9.85% return over the past week, it gained 6.71% in the past six months. The stock rose 54.0% over the past year.

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Shareholding pattern of Knowledge Marine

ParticularsJun 2025Mar 2025Dec 2024
Promoter60.70%60.70%60.70%
FII0.50%0.60%0.80%
DII0.20%1.90%2.20%
Public38.70%36.80%36.30%

About Knowledge Marine

Knowledge Marine & Engineering Works Ltd (NSE: KMEW) specializes in marine crafts, dredging, and ship repair. Established in 2015, it serves major Indian ports and government clients, offering hydrographic surveys and technical marine solutions.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs

Q: Why is Knowledge Marine & Engineering Works Ltd share price going up today?

A: The stock rose after KMEW received a ₹28.32 crore dredging order from Dredging Corporation of India.

Q: What does Knowledge Marine & Engineering Works Ltd specialize in?

A: The company specializes in marine crafts, dredging, ship repair, refits, hydrographic surveys, and marine infrastructure solutions.

Q: How much stake does Ashish Kacholia hold in Knowledge Marine & Engineering Works Ltd?

A: Ashish Kacholia holds a 2.78% stake, owning 3,00,000 shares worth ₹54.5 crore.

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