KMEW gets repeat order: Flawless Execution Leads to continued Partnership in Dredging Projects with Dredging Corporation of India

Knowledge Marine & Engineering Works Limited ("KMEW") (BSE: 543273) (NSE: KMEW) have been awarded a work order by Dredging Corporation of India Limited ("DCI") for the "Grab Dredging at different locations in the Port Dock Areas of Paradip Port". The said work order is valued at ₹ 7.25 Crores (Rupees Seven Crores Twenty-Five Lakhs) including taxes and is to be executed over a period 4 (Four) months excluding monsoon period.

The scope of work order includes grab dredging at different locations of Paradip Port with the tendered quantity of 64,358 Cu. M. and variation of up to 20%. With this current order Company demonstrates its expertise and reliability in dredging operations and marine industry.

This latest order win adds to a series of successful bagging of work order in FY 2026, underscoring KMEW's growing reputation for reliability, precision, and excellence in marine services. The company's disciplined execution model ensures continuous deployment of its dredging capabilities, maximizing uptime and delivering consistent value to stakeholders.

KMEW will deploy its existing vessel River Pearl 2 "Grab Hopper Dredger" for the said project which is at Paradip Port and commence the work immediately.

Commenting on the Work Order, Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd said that, "We are proud to announce our latest contract win at Paradip Port, marking a continued trajectory of success in India's marine infrastructure sector. This is our ninth consecutive contract from the Dredging Corporation of India in four years-a clear testament to our proven expertise, execution excellence, and trusted partnership. This complex work involves removing hard patches that have formed in the port underwater and that restrict navigation of deep draft vessels in the port. It is a crucial operation that allows for unlocking of the full potential of the channel and the port basin area. It gives the confidence to the Employer and the Customer of safe navigation with sufficient under keel clearance at all points of time. In the past we have executed the same work successfully to the tune of 84,000 Cubic Meters. Timely and efficient delivery remains our hallmark, and this win further reinforces our domestic leadership in dredging operations. By strategically deploying existing assets, we continue to execute high-value projects without incurring significant capital expenditure-demonstrating our commitment to operational discipline and asset optimization. We remain focused on delivering consistent value to our clients while strengthening our position as a reliable and forward-looking force in the industry. Repeat orders from the same client demonstrates our excellent execution skill and the confidence that is instilled in the client".

Shares of Knowledge Marine & Engineering Works Ltd was last trading in BSE at Rs. 1950.00 as compared to the previous close of Rs. 1869.05. The total number of shares traded during the day was 5075 in over 994 trades.

The stock hit an intraday high of Rs. 1982.25 and intraday low of 1857.25. The net turnover during the day was Rs. 9816060.00.

Source : Equity Bulls

Keywords

KnowledgeMarineandEngineeringWorks INE0CJD01011 KMEW OrderWin DCI