Knowledge Marine & Engineering Works Ltd, operating through its subsidiary company Knowledge Dredging Co. W.L.L, India, established in Bahrain, has secured four distinct letters of intent (LOI) from Haji Hasan Group, Bahrain; TCT Marine Contracting WLL, Bahrain; K7 Contracting WLL, Bahrain; and Alsalem Contracting, Bahrain.

The contract pertains to the "supply and sale of dredged marine sand," and it encompasses a combined value of 15.45 million Bahraini Dinar (approximately equivalent to 342.06 crore Indian Rupees), over a steadfast period of five years. The project is slated to commence during the third quarter of the fiscal year 2023-2024.

Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works, said that, “We are thrilled to announce that our successful entry into the Middle East market has been achieved through the establishment of our subsidiary in Bahrain.

This strategic initiative has opened the door to a multitude of opportunities. Furthermore, our recent contract achievement in the sand mining sector has significantly enhanced our business visibility, showcasing our commitment to the waste-to-revenue model.”

Knowledge Marine & Engineering Works is in the business of owning and operating Marine crafts, dredging, repair and maintenance/refits of marine crafts and marine infrastructure. The company provides multiple solutions of marine engineering including dredging at various ports, carrying out repair and refit services of naval and merchant ships, conducting hydrographic and magnetometer surveys and technical solutions for maintenance and operations of vessels.