Knowledge Marine & Engineering Works Limited — New Orders, 05-02-2025: Bagging/Receiving of orders/contracts

Knowledge Marine & Engineering Works Limited has received a significant work order from the Dredging Corporation of India (DCIL) for dredging operations in the Navigational Channel, Kandla Creek, Oil Jetties, and Cargo Berths at Deendayal Port, valued at ₹48.46 crore (cr), inclusive of taxes. The contract is for one year, with a possibility for a one-year extension, potentially increasing the total order value to ₹96.91 cr.

This engagement reinforces KMEW’s standing in crucial dredging projects, accounting for 10% of a broader project valued at approximately ₹409 cr. The scope includes capital and maintenance dredging essential for ensuring navigability and efficient cargo operations at the port. Currently, KMEW holds a total order book of ₹1,081 cr, including ongoing projects at Deendayal Port. This latest contract reflects the company’s operational capabilities and strategic focus on expanding its fleet for higher capacity operations. Investors should note KMEW's continued momentum in securing large-scale contracts, presenting a positive outlook for future growth.