Knowledge Marine & Engineering Works Ltd., through its subsidiary Knowledge Dredging Co WLL, has been granted a letter of intent (LOI) from NASS Corporation BSC for the provision of dredged marine sand in Bahrain. Valued at Rs 66.38 crore, the contract is slated to span five years, with operations scheduled to kick off in the third quarter of the fiscal year 2023-24.
This marks the sixth contract for Knowledge Marine & Engineering Works Ltd in supplying dredged marine sand in Bahrain, contributing significantly to an order book of Rs 450 crore for the next five years.
Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd, expressed, “Our primary focus revolves around achieving success in the dredging industry and ensuring the timely execution of secured projects, paving the way for future endeavors and establishing a significant position within the industry.”
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