Rs 20,284 lakh order book: Ashish Kacholia’s portfolio multibagger stock receives order worth Rs 5,02,13,174 from Paradip Port Authority!
The stock gave multibagger returns of 125 per cent in just 1 year and a whopping 1,625 per cent in 2 years.
Knowledge Marine & Engineering Works Ltd (KMEW), announced that the company received an order from the Paradip Port Authority for the supply of 01 No. 20 knots speed patrol boat with a manning crew on hire, for a contract valued at Rs 5,02,13,174, excluding GST. This contract entails a daily hire charge for five years. Additionally, in conjunction with the daily hire charges, Paradip Port Authority will provide Fuel (HSD) based on actual consumption. Paradip Port Authority (PPA) is one of the major ports on the East Coast of India.
KMEW has won an order to supply a high-speed patrol boat to Visakhapatnam Port. This will be the third such boat that PPA has supplied to Visakhapatnam Port. The new boat will have a speed of 20 knots and is expected to be added to KMEW's fleet soon. This order win allows KMEW to expand its operations on the East Coast of India and underlines the company's growing presence and success in the small craft business.
Commenting on the Letter of Award, Mr Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd said, “We are excited to announce our recent success in securing a contract with Paradip Port Authority, underscoring our company's exceptional performance and capabilities. This accomplishment signifies our expansion to additional major ports in India. This contract win reflects our ongoing achievements in the small craft business through the diverse range of services we offer. We are actively exploring new opportunities, both within our domestic market and on the global stage”
Knowledge Marine & Engineering Works Ltd is primarily engaged in the business of owning, chartering/ hiring along with manning, operation and technical maintenance of marine crafts and repairs/ maintenance of marine crafts and marine infrastructure and allied works in India. An ace investor, Ashish Kacholia, holds the highest public stake in the company, owning 300,000 shares or 2.78 per cent as of September 2023. The company has a market cap of over Rs 1,500 crore. As of March 31, 2023, the company order book stands at Rs 20,284 lakh.
On Monday, shares of Knowledge Marine & Engineering Works gained 0.04 per cent to Rs 1,470.30 per share with an intraday high of Rs 1,473 and an intraday low of Rs 1,449.
The stock gave multibagger returns of 125 per cent in just 1 year and a whopping 1,625 per cent in 2 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
Ashish Kacholia-backed multibagger penny stock bags new orders worth Rs 305 crore from Torrent PowerGrid Ltd and Oman, UAE – Scrip hit upper circuit & 52-week high!
-
Ashish Kacholia’s & Mukul Agrawal’s multibagger micro-cap stock with Rs 120 crore order book; Company bags new order worth Rs 5,98,00,000 from Omaxe Group!
-
Rs 2,100 crore order book: This multibagger pipes manufacturing company bags new order worth Rs 505 crore from an International Customer
-
Rs 35,10,00,000 total order from Integral Coach Factory: This multibagger company bags an order worth Rs 8.26 crore in Chennai
-
Multibagger auto stock bags new order worth Rs 30 crore from Tata Motors for winches – details inside!
-
Upper Circuit & 52-week high Alert: High ROE & high ROCE multibagger energy stock bags new order worth Rs 325 crore from Jodhpur Vidyut Vitran Nigam Ltd
-
FIIs bought 13,600 shares and Rs 113 crore order book: This aerospace & defence company bags new order worth Rs 46,46,00,000 from Mazagon Dock Shipbuilders Ltd
-
Multibagger penny stock under Rs 50: This high-end electronic and telecommunication equipment company bags order worth Rs 1,76,94,831.87 from Indian Railways
-
Rs 27,19,90,000 orders: This multibagger micro-cap company receives orders from Sail Rites Bengal Wagon Industry, Jindal Rail Infra, Eastern Railway and Hindusthan Engineering & Industries!
-
FIIs bought 1,00,000 shares and Rs 1,695 crore order book: This multibagger telecom infrastructure company bags new orders worth Rs 1,30,64,87,640
-
900 per cent returns in this low PE multibagger stock at Rs 102; Company bags new order worth Rs 27.39 crore from Gujarat Electricity Board
-
Rs 12,650 crore order book: This multibagger civil construction company bags new order worth Rs 4,123.88 crore from Brihanmumbai Municipal Corporation
-
5:1 Stock Split and 25,000 per cent returns: This multibagger pharma distribution company bags international order worth Rs 169 crore from Pharmyka General Trading LLC
-
Multibagger drone stock under Rs 200 in green after the company bagged a fresh order worth Rs 1,43,36,000 from Chambal Fertilisers and Chemicals Ltd
-
Madhuri Madhusudan Kela’s portfolio stock with Rs 1,499 crore order book: This electrical equipment company bags new order worth Rs 232 crore from Power Grid Corporation of India Limited
-
Rs 4,69,800 crore order book: This multibagger civil construction company bags approx. Rs 2,500 crore railway order to construct Jakarta Mass Rapid Transit Project
-
Rs 2,935 lakh order book & DIIs increase stake: This multibagger micro-cap telecom equipment company receives a new order worth USD 2,39,000 from Balkantel OOD
-
USD 22,00,00,000 huge order: This multibagger railway forging company bags new order from North America – details inside
-
Multibagger stock at Rs 109: This micro-cap company bags new orders worth Rs 104.25 crore from TATA Projects Ltd and Fleet Maintenance Unit
-
Mulltibagger from its 52-week low: This micro-cap company bags new orders worth Rs 47,40,00,000 from various clients across India