India's Knowledge Marine & Engineering Works hits record high after order win
22/06/2026 08:56
BUZZ-India's Knowledge Marine & Engineering Works hits record high after order win ** Shares of marine infrastructure provider Knowledge Marine & Engineering Works KNOW.NS rise 9.2% to 2,264 rupees, hitting an all-time high
** Says unit receives order from government of India for design, construction, and commissioning of 10 hybrid electric passenger ferries with a capacity of 20 passengers each
** Order, valued at 661.1 million rupees ($6.98 million), to be executed over a period of 10 months, followed by a 60-month maintenance and support commitment
** KNOW trades at forward 12-month PE of 31.3 vs industry median of 34.5 - LSEG complied data
** YTD, stock up 21%
($1 = 94.6575 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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