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Knowledge Marine & Engineering Works Limited ( (IN:KMEW) ) just unveiled an announcement.
Knowledge Marine & Engineering Works Limited has acquired approximately 15 acres of prime waterfront land, with an option for an additional 5 acres, at Saphale in Palghar, Maharashtra, through its subsidiary Knowledge Shipyard Private Limited. The site lies along the Vaitarna River near the upcoming Vadhvan Port, offering about 188 meters of waterfront, a natural slipway with around 6 meters high-tide draft and ample river width to support efficient vessel movement.
This acquisition underpins KMEW’s recent entry into commercial shipbuilding and is intended to serve as a scalable, future-ready shipyard for modern shipbuilding and repair operations. By securing a strategically located, high-efficiency maritime hub, the company is positioning itself to strengthen its operational capabilities and enhance its long-term competitiveness in India’s evolving shipbuilding and marine services sector.
More about Knowledge Marine & Engineering Works Limited
Knowledge Marine & Engineering Works Limited is an Indian maritime company engaged in shipbuilding, ship repair, vessel chartering and marine contracting services. Listed on both the BSE and NSE, it focuses on building a technology-driven, sustainable presence in the commercial shipbuilding and marine infrastructure market.
Average Trading Volume: 8,099
Technical Sentiment Signal: Buy
Current Market Cap: 43.25B INR
For detailed information about KMEW stock, go to TipRanks’ Stock Analysis page.