KMEW Bags ₹47.59 Crore Dredging Contract from Deendayal Port Authority, Gujarat
The order value of ₹47.59 Crores is substantial, representing a significant portion (25%) of the previous year's turnover, indicating a strong revenue pipeline. This contract reinforces KMEW's market position in dredging, particularly at Deendayal Port, and demonstrates effective asset utilization without incurring new capital expenditure, contributing to strong financial performance and sustained growth.
The company has secured a substantial new order worth ₹47.59 Crores, which significantly adds to its order book and is approximately 25% of the previous year's turnover. The CEO's comments highlight strengthened market presence, operational excellence, and efficient asset utilization, all of which are positive indicators for the company's financial health and strategic positioning.
Knowledge Marine & Engineering Works Limited (KMEW) announced on 09 September 2025 that it has received a significant work order from the Deendayal Port Authority (DPA). * The contract is for dredging in the Approach Channel, Turning Circle, and Berth Pockets around the Landing Pontoon at Ghogha Ro-Ro Terminal - Gujarat, to maintain a depth of 6.8m BCD. * The work order is valued at ₹ 47,59,41,200/- (Rupees Forty-Seven Crores Fifty-Nine Lakhs Forty-One Thousand and Two Hundred Only), inclusive of GST. * The project is to be executed over a period of 12 months. * The initial capital dredging, valued at 60% of the contract, will be completed in the first three months, followed by maintenance dredging for the remaining nine months, accounting for 40% of the contract value. * KMEW plans to deploy its existing vessel, River Pearl 8 “Trailing Suction Hopper Dredger”, which is already in Gujarat, to maximize fleet utilization. * The company secured this contract against strong competition, highlighting its strategic approach and expertise. * Commenting on the win, Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd, stated that this contract further strengthens KMEW's presence at Deendayal Port and underscores the trust placed by DPA. He added that the order adds ₹ 47.59 Crores to the existing order book, representing approximately 25% of the previous year's turnover, reinforcing the company's growth trajectory and long-term business sustainability through operational discipline and asset optimization.
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Knowledge Marine & Engineering Works Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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