Knowledge Dredging Co. W.L.L., Bahrain (Subsidiary Company of M/s Knowledge Marine & Engineering Works Limited, India) has received Letter of Intent (LOI) from "M/s 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 INR 415.1 million, using an exchange rate of 1 BD = INR 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. INR 383 Crores 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.