Knowledge Marine & Engineering Works, operating through its subsidiary company 'Knowledge Dredging Co. W.L.L, India,' established in Bahrain, has received a Letter of Intent (LOI) from 'Eastern Asphalt & Mixed Concrete Co. W.L.L for the supply of dredged marine sand in Bahrain.

This notable contract carries a substantial value of 1.87 Million Bahrani Dinar (approximately equivalent to Rs 41.51 crore, using an exchange rate of 1 BD = Rs. 221.40) and spans a tenure of 5 years. Set to commence during the third quarter of the fiscal year 2023-2024. This will be Company's fifth LOI in line for supply of dredged marine sand in Bahrain. By successfully securing five contracts for the supply of dredged marine sand, the company has generated a cumulative LOI value of approx. Rs 383 crore for the next five years. This achievement serves as a testament to the robust demand within the Bahraini economy, driven by a notable upswing in both real estate activities and associated infrastructure development.