Ashish Kacholia Gains Rs 12,27,15,936 In A Single Day As Multibagger Engineering Company Secures Rs 66.11 Crore IWAI Contract; FII Stake Increases
DSIJ Intelligence / 22 Jun 2026 / Categories: Mindshare, Trending
Knowledge Marine & Engineering Works secured a Rs 66.11 crore contract from the Inland Waterways Authority of India for 10 hybrid electric passenger ferries, while ace investor Ashish Kacholia and foreign institutional investors increased their exposure to the company
On Monday, Indian equity benchmarks traded higher, with the benchmark Nifty 50 index rising 0.45 per cent to 24,121.80. Amid the positive market sentiment, Knowledge Marine & Engineering Works share price traded at Rs 2,247.30, up 8.41 per cent from the previous close after the company announced a Rs 66.11 crore order from the Inland Waterways Authority of India (IWAI).
Knowledge Marine Secures Rs 66.11 Crore IWAI Contract
Knowledge Marine & Engineering Works, in consortium with its subsidiary Knowledge Shipyard Private Limited, has received a work order from IWAI for the design, Construction, supply, testing and commissioning of 10 hybrid electric passenger ferries with a capacity of 20 passengers each. The contract also includes a 60-month maintenance and support commitment.
The total order value stands at Rs 66.11 crore, comprising Rs 65.52 crore for the construction of ferries and Rs 0.59 crore towards maintenance and support. The construction and commissioning work is scheduled to be completed within 10 months from the receipt of the order.
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Knowledge Marine Marks Entry Into Green Shipbuilding Segment
According to the company, the order represents the first external commercial government shipbuilding contract secured by Knowledge Shipyard Private Limited and marks a strategic step into India's green maritime infrastructure segment. The project involves hybrid-electric propulsion systems and aligns with the government's focus on sustainable inland water transportation.
The company stated that the project will strengthen its transition from a marine services and vessel operations company into an integrated maritime infrastructure and shipbuilding enterprise.
Ashish Kacholia Gains Over Rs 12.27 Crore In A Day
As per the March 2026 shareholding pattern, Ace Investor Ashish Kacholia held a 2.89 per cent stake in Knowledge Marine & Engineering Works, equivalent to 7,05,264 shares. Following the stock's 8.41 per cent gain, which is 174 points up in Monday's trading session, the value of his holding increased by approximately Rs 12,27,15,936
FII Stake Increases In March Quarter
Foreign Institutional Investors increased their stake in the company from 11.00 per cent in December 2025 to 11.75 per cent in March 2026, reflecting growing institutional interest in the stock.
About Knowledge Marine
Knowledge Marine & Engineering Works is engaged in marine engineering, dredging, vessel ownership, repair and maintenance services. The company provides maritime infrastructure solutions and has expanded its presence across shipbuilding, vessel operations and marine Logistics.
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Disclaimer: The article is for informational purposes only and not investment advice.