India, Sept. 6 -- Knowledge Marine & Engineering Works Ltd (KMEW) has started FY27 with a sharp improvement in business performance, driven primarily by its dredging operations and execution of high-value projects. The company is now attempting to move beyond its traditional dredging business by expanding into shipbuilding, chartering and green marine vessels

The bigger question for investors is whether this expansion can support the company's upgraded growth outlook. Management, which had earlier guided for 30-40% growth in FY27, now sees potential for growth northwards of 60%.

With a Rs 1,300+ crore order book, a Rs 3,500+ crore bid pipeline and a large capacity-expansion programme underway, KMEW is positioning itself for a much lar...