- Business
- Knowledge Marine & Engineering Works Limited Knowledge Marine & Engineering Works Limited (KMEW.BO) engages primarily in dredging operations, owning, operating, chartering, manning, and providing technical maintenance for marine crafts and ancillary vessels; shipbuilding, repairs, refits, and maintenance of marine crafts and infrastructure; and marine infrastructure development. The company operates a diverse fleet including pilot boats, speed patrol boats, survey boats, grab dredgers, trailing suction hopper dredgers (TSHD), mooring launches, service boats, hopper barges, and backhoe dredgers, with key assets such as River Pearl 1 through River Pearl 12; it delivers capital and maintenance dredging services at major Indian ports like Kandla, Cochin, Mumbai, Goa, New Mangalore, Paradip, Kolkata, Tuticorin, and Karwar, as well as inland waterways including National Waterway 1 on River Ganga, and extends operations to ports in Myanmar (Sittwe), Bahrain, Visakhapatnam, Vadinar, Sahibganj, Patna, and international projects. Incorporated in 2015 and headquartered in Mumbai, India, Knowledge Marine & Engineering Works Limited serves ports, marine establishments, and government entities under initiatives like Sagarmala and National Maritime Development Programme, targeting environmentally sustainable solutions in maritime infrastructure across India, Myanmar, and Bahrain, with approximately 450 employees and subsidiaries including wholly-owned Indian Ports Dredging Private Limited, Knowledge Infra Ports Private Limited, and 51%-owned Kamal Marine & Engineering Works Private Limited. In recent developments, the company completed strategic acquisitions in August 2025 totaling Rs 197.84 lakhs, making Indian Ports Dredging Private Limited and Knowledge Infra Ports Private Limited wholly-owned subsidiaries while acquiring a 51% stake in Kamal Marine & Engineering Works Private Limited to bolster dredging, marine operations, and shipbuilding capabilities; signed multiple Memorandums of Understanding (MoUs) during India Maritime Week 2025 (October 27-31) with key maritime authorities to support green maritime transitions; received a Rs 384.33 crore, 15-year Village Panchayat Agreement (VPA) letter of award on November 19, 2025, for a 60-ton electric green tug; allotted preferential shares worth Rs 270 crores in October 2025; and saw CEO Sujay Kewalramani acquire convertible warrants worth Rs 3.70 crores in November 2025, alongside funds advised by Convergent Finance acquiring a 10.3% stake for USD 27.4 million in September 2025.