Mumbai (Udaipur Kiran): Knowledge Marine & Engineering Works (KMEW) shares edged higher on Wednesday after the company secured its second order for a state-of-the-art Green Tug.
The stock was trading at Rs. 2,726.85 on the BSE, up 0.43% from its previous close of Rs. 2,715.25. It opened at Rs. 2,698.95 and has touched a high of Rs. 2,780.00 and a low of Rs. 2,693.45 so far, with 2,057 shares traded on the counter.
The BSE group ‘B’ stock, with a face value of Rs. 10, has a 52-week high of Rs. 2,933.95 (10 November 2025) and a 52-week low of Rs. 1,265.00 (7 April 2025). The company’s current market capitalisation stands at Rs. 3,323.60 crore. Promoters hold 60.69% stake, while institutions and non-institutions hold 0.90% and 38.41% respectively.
KMEW has received a Letter of Award from Visakhapatnam Port Authority for manning, operation, maintenance and complete technical management of one ASTDS-GTTP Tug. The 15-year contract is valued at Rs. 384.33 crore, including taxes.
The Green Tug is equipped with advanced battery operating systems featuring zero-emission technology, supporting sustainable marine operations and aligning with the client’s long-term environmental goals.
With this repeat order, KMEW expects synergy benefits such as bulk procurement efficiencies, streamlined logistics, and reduced engineering and project-management costs across vessels.
Knowledge Marine & Engineering Works is engaged in owning and operating marine crafts for dredging, along with repairs, maintenance and refits of marine crafts and infrastructure.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
