Knowledge Marine & Engineering Works Limited has acquired fifteen acres of waterfront land with an option to expand by five acres at Saphale in Palghar, Maharashtra. The purchase was executed through its subsidiary, Knowledge Shipyard Private Limited, and establishes a platform for the company's entry into commercial shipbuilding and repair. The site is located along the Vaitarna River near the planned Vadhvan Port and offers multimodal connectivity. The acquisition marks a strategic step in developing a technology-driven, sustainable shipbuilding enterprise. The parcel provides 188 m of waterfront access and a natural slipway with a six-metre high tide draft. Robust river width will enable efficient vessel movement, and operations can be sequenced to optimise logistics. These natural advantages are complemented by proximity to port infrastructure and regional transport links. KMEW will develop integrated hull fabrication, pipe, mechanical and electrical workshops alongside smart utilities and material handling systems. The project design incorporates sewage treatment, structured waste management and energy optimisation to support a sustainability-first approach. Administrative, training and on-site accommodation facilities are planned to foster a skilled workforce and improve operational resilience. The company outlined a phased expansion path beginning with specialised workboats and tugs in Phase one, progressing to repair facilities and floating dry docks in Phase two and culminating in construction of large scale vessels in Phase three. The development aligns with national initiatives such as the Shipbuilding Financial Assistance Policy, the Green Tug Transition Programme and Maritime India Vision 2030 and positions the company to respond to growing demand for indigenous maritime solutions. Company communications noted that forward looking statements are based on assumptions and are subject to risks, uncertainties and changing market conditions. The board intends to pursue operational readiness while maintaining environmental safeguards and compliance with applicable regulations. Investors and stakeholders have been directed to investor relations channels for further information.