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Hot Pursuit News

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(10 Jun 2024, 11:39)

Knowledge Marine spurts on Rs 6-cr order win

Knowledge Marine & Engineering Works rallies 4.43% to Rs 1,380 after the company announced that it has received a letter of award (LoA) from the V.O. Chidambaranar Port Authority, aggregating to Rs 5.86 crore.

The scope of the order entails supply, manning, operation and maintenance of one number high-speed patrol boat (HSPB) of 20 knots speed or more on hire basis for a period of five years.

The company has secured its first contract worth Rs 5,86,05,14 in the southern region of India. This addition to the company's portfolio signifies the ability of the firm to penetrate new markets, said the company.

V.O. Chidambaranar Port holds a prominent position as one of India's twelve major ports, ranking as the second largest in Tamil Nadu and housing the country's third largest container terminal.

This achievement enhances the company’s reputation and influence within the maritime sector, showcasing its ability to secure and manage substantial contracts from key ports across India. T...

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