Sujay Kewalramani, chief executive officer (CEO) of knowledge Marine & Engineering Works said that, “We are pleased to share that we've secured a contract from the Vishakhapatnam Port Authority, underscoring our achievements in the port ancillary business. This success not only strengthens our standing at the port but also underscores our proficiency in securing contracts at higher price points. This contract win is a testament to our ongoing success at the port, having previously received an extension.”
Knowledge Marine & Engg Works is engaged in the business of owning, chartering/hiring along with manning, operation and technical maintenance of marine crafts, dredging and repairs/maintenance of marine crafts and marine infrastructure and allied works in India.
The company's consolidated net profit rose 2.48% to Rs 24.42 crore in H1 FY24 as compared with Rs 23.83 crore in H1 FY23. Net sales declined 12.90% YoY to Rs 106.88 crore in H1 FY24.
Shares of Knowledge Marine & Engineering Works declined 3.66% to Rs 1,603 on the BSE.