In the past year, the stock price of Knowledge Marine & Engineering Works skyrocketed 216 per cent, compared to 4.6 per cent decline in the BSE Sensex.
The company received a work order from New Mangalore Port Authority for the hiring of One number of River Sea Vessel type IV Security Patrol Boat with all manpower excluding High Speed Diesel.
To avoid a repeat of events like The Ever Given, a cargo ship which was struck in Egypt, the authority has decided to start dredging work to widen and deepen the southern part of the canal
