2,500 per cent returns and Ashish Kacholia portfolio stock: This multibagger marine engineering stock bags new order worth USD 4.85 million!

The company also secured another project from the Inland Waterways Authority of India worth Rs. 73.14 crore.

Knowledge Marine & Engineering Works Limited (KMEW) secured a USD 4.85 million contract for the maintenance dredging of the Yangon River in Myanmar. This international contract, awarded by the Myanmar Port Authority, will be executed over a one-year period. This marks KMEW's third consecutive international order and doubles the value of their previous Yangon River dredging project. 

KMEW will utilize their existing dredger, River Pearl 8, already stationed in Myanmar since 2021, to complete this project. This win strengthens KMEW's expertise in the dredging industry and highlights its ability to secure larger contracts, contributing to significant foreign exchange generation.

Recently, Knowledge Marine & Engineering Works Limited (KMEW) also secured another project from the Inland Waterways Authority of India (IWAI) for maintaining a 74 km stretch on National Waterway-1 (Ganga River) through dredging. This Rs. 73.14 crore (including GST) contract lasts three years with a two-year extension option. KMEW will deploy cutter suction dredgers for this project, marking their entry into this segment.

Knowledge Marine & Engineering Works Limited is primarily engaged in the business of owning, chartering, hiring along with manning, operation, and technical maintenance of marine crafts and repairs & maintenance of marine crafts and marine infrastructure and allied works in India. The company has an order book of Rs 670 crores. The stock has delivered multibagger returns of more than 2,500 per cent in three years. Ace investor Ashish Kacholia holds a 2.78 per cent stake in the company.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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