Stock Report

Knowledge Marine & Engineering Works Ltd receives LoA from Vizag Port Trust for patrol boat



Posted On : 2021-11-29 20:51:10( TIMEZONE : IST )

Knowledge Marine & Engineering Works Limited has received the Letter of Award (LoA) from Visakhapatnam Port Trust, for 'Supply, Manning, Operation of High-Speed Patrol Boat with 15 knots speed on hire basis for a period of three years round the clock' for a contract value of Rs. 2,19,98,000/- including GST (Rupees Two Crores Nineteen Lakhs Ninety-Eight Thousand Only). The Project is to be executed within a period of Three Years. The project is further extendable for two more years at additional contract value.

A new craft "High Speed Patrol Boat" with 15 knots of speed will be added in our fleet in the year 2022-2023 to execute the said project.

Shares of Knowledge Marine & Engineering Works Ltd was last trading in BSE at Rs. 157.55 as compared to the previous close of Rs. 154.10. The total number of shares traded during the day was 75000 in over 16 trades.

The stock hit an intraday high of Rs. 161.80 and intraday low of 157.00. The net turnover during the day was Rs. 11969250.00.

Source : Equity Bulls

Keywords

KnowledgeMarineandEngineeringWorksLtd INE0CJD01011 Shipping HighSpeedPatrolBoat VizagPortTrust