KNOWLEDGE MARINE & ENGINEERING WORKS (KMEW)
ACQUISITION OF A NEW VESSEL
Mumbai, India, August 18, 2022: Knowledge Marine & Engineering Works Ltd. “KMEW”
(BSE: 543273), engaged in the business of owning and operating Marine Crafts, dredging,
repair and maintenance I refits of Marine Crafts and Marine Infrastructure.
KMEW is delighted to inform that it has signed a sale agreement with MIs Abnco Vie Win Ent
Pvt Ltd for purchase of a new vessel “Self Propelled Hopper Barge M.V. Abnco VI”. The
vessel is acquired at a total cost of Rs. 3.50 crores. The said vessel is 2017 built and has a
hopper capacity of 886 cubics.
The said vessel will be deployed in Mangrol and other fishing harbour for the Capital Dredging
Work.
Commenting on the said acquisition, Mr. Sujay Kewalramani, CEO of KMEW said~
“This acquisition is being made through internal accruals.
The addition will be the 11th to our existing fleet and will give sufficient strength to explore
emerging dredging opportunities and will broaden our project horizon.”
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