Ashish Kacholia holds 2.78% stake & Rs 939 crore order book: Marine infrastructure company bags order worth Rs 10,77,04,058 from Dredging Corporation of India

The stock is up over 50 per cent from its 52-week low of Rs 1,005 and has given multibagger returns of over 500 per cent in 3 years.

Knowledge Marine & Engineering Works Ltd (KMEW), a prominent entity in the marine and engineering sector, has secured a significant work order from the Dredging Corporation of India Limited (DCIL). This contract, valued at Rs 10,77,04,058 (Ten Crores Seventy-Seven Lakh Four Thousand Fifty-Eight Rupees Only) inclusive of GST, is for three years. The scope of work involves conducting single-beam and multi-beam surveys at Deendayal Port, utilising a suitable steel hull survey launch and a dinghy boat, complete with necessary equipment and manning. This domestic order, formally announced under Regulation 30 read with Schedule III of the Listing Regulations, highlights KMEW's expertise in specialised marine surveys.

For this project, KMEW plans to deploy its existing vessel, "River Pearl – 1." The scope of work encompasses all bathymetric surveys, including pre-dredging, progressive/check, post-dredging and monthly bill surveys, across all areas of Deendayal Port Authority (DPA). This contract is a testament to DCIL's confidence in KMEW's capabilities, particularly given that the "River Pearl – 1" has successfully completed similar survey work for seven years at Shyama Prasad Mookerjee Port (formerly Kolkata Port Authority). This achievement not only reinforces KMEW's distinguished history in the survey segment but also paves the way for expanding its services within the port's ancillary sector, further strengthening its position in the industry and setting the stage for future growth with DCIL.

Knowledge Marine & Engineering Works Ltd is primarily engaged in the business of owning, chartering/ hiring, along with manning, operating and technical maintenance of marine crafts and repairs/ maintenance of marine crafts and marine infrastructure and allied works in India. The company has a market cap of over Rs 1,900 crore. As of February 2025, the company’s order book stands at Rs 939 crore.

An ace investor, Ashish Kacholia, holds the highest public stake in the company, owning 3,00,000 shares or 2.78 per cent as of March 2025. The shares of the company have an ROE of 26 per cent and an ROCE of 24 per cent. The stock is up over 50 per cent from its 52-week low of Rs 1,005 and has given multibagger returns of over 500 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.