The New Mangalore Port Authority awarded Knowledge Marine & Engineering Works a maintenance dredging contract worth Rs 303.17 crore, inclusive of GST. Spanning fiscal years FY27 through FY29, this assignment drove the company's shares to finish up 4.17% at Rs 3,224 on the NSE. Alongside the multi-year project development, the firm confirmed a record date of November 6, 2026, for an upcoming equity sub-division.
Key points
Knowledge Marine & Engineering Works closed 4.17% higher at Rs 3,224, advancing its 2026…: Knowledge Marine & Engineering Works closed 4.17% higher at Rs 3,224, advancing its 2026 year-to-date gains to roughly 67%.
Veteran market investor Ashish Kacholia retains a 2.275% ownership stake in the firm as o…: Veteran market investor Ashish Kacholia retains a 2.275% ownership stake in the firm as of late September 2026.
The company established Friday, November 6, 2026, as the official record date to determin…: The company established Friday, November 6, 2026, as the official record date to determine eligibility for the stock split.
Sources checked by our analysis pipeline: 1
The stock pared some of its gains but continued to trade in positive territory. Knowledge Marine shares ended at Rs 3,224 apiece, up 4.17% from the previous close of Rs 3,094.80 on the NSE.
The counter has delivered strong returns so far in 2026, gaining around 67%, according to NSE data.
Notably, veteran investor Ashish Kacholia held 5,74,721 shares, representing a 2.275% stake in Knowledge Marine & Engineering Works, as of the end of September 2026.
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Knowledge Marine bags Rs 303 crore order from New Mangalore Port Authority
The upward movement in the company's share price came after Knowledge Marine & Engineering Works announced that it had received a work order from New Mangalore Port Authority for maintenance dredging at New Mangalore Port.
According to the company's regulatory filing, the contract covers a period of three years, spanning FY27, FY28 and FY29.
The work order is valued at Rs 303.17 crore, inclusive of GST.
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