KMEW Secures ₹58.39 Crore Rock Dredging Contract from DCIL
Knowledge Marine & Engineering Works Limited (KMEW) received a ₹58.39 Crore work order from Dredging Corporation of India Limited (DCIL). The contract involves rock dredging at JNPA and is to be completed within 90 days from commencement. KMEW will remove approximately 10,500 cubic meters of hard rock material.
The value of the contract (₹58.39 Crores) is material and will contribute to the company's revenue, but it is not a transformative deal that would drastically alter the company's overall financial standing immediately. It reinforces the company's capabilities in a specialized sector.
The announcement details the receipt of a new, significant work order, which is a positive development for the company's business.
Knowledge Marine & Engineering Works Limited (KMEW) has been awarded a significant work order from Dredging Corporation of India Limited (DCIL) valued at ₹58.39 Crores. The contract involves Rock Dredging, specifically the removal of pinnacles and high spots at the Coastal Berth of Jawaharlal Nehru Port (JNPA), and the subsequent discharge of dredged material at the DS-3 Dumping Ground. This technically demanding project requires specialized marine assets, including a drilling and blasting barge, trailing suction hopper dredgers, and other support vessels, along with the use of explosives for underwater controlled blasting due to the hard rock formations with compressive strengths exceeding 170 megapascals. KMEW has been granted 60 days for mobilization and to obtain necessary permissions before commencing the 90-day execution period for the dredging of approximately 10,500 cubic meters of rock from water depths up to 16 meters.
The company highlights its proven capability in executing complex subsea engineering projects under stringent timelines, citing its successful track record in similar rock dredging works at Mangrol Fishing Harbour. KMEW plans to deploy its existing fleet and acquire an additional vessel to ensure timely completion. The CEO, Mr. Sujay Kewalramani, emphasized KMEW's positioning as a comprehensive solution provider for technically demanding port sector works, noting the extraordinary complexity of this particular assignment.
This contract further solidifies KMEW's position in India's dredging and marine engineering sector and its contribution to the nation's maritime infrastructure development. The company is committed to operational excellence, disciplined project execution, and innovation in marine engineering.
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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 medium impact: worth reading, rarely worth acting on by itself.
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