KMEW Secures ₹7.25 Crore Grab Dredging Order from DCI for Paradip Port
The order value of ₹7.25 crore is a notable addition to the company's order book and demonstrates consistent business acquisition. While not a transformative order, it strengthens KMEW's position in the dredging sector and showcases client trust, contributing to stable revenue streams.
The company secured a new work order valued at ₹7.25 crore, indicating continued business growth and revenue. The CEO's comments highlight a strong, repeat partnership with a key client (DCI) and successful execution history, reinforcing positive market perception and operational efficiency.
* Knowledge Marine & Engineering Works Limited (KMEW) has received a work order from Dredging Corporation of India Limited (DCIL) for grab dredging operations. * The contract is valued at ₹ 7,25,25,030/- (Rupees Seven Crores Twenty-Five Lakh Twenty-Five Thousand and Thirty), inclusive of GST. * The work involves grab dredging approximately 64,358 Cu. M. at different locations within the Port Dock Areas of Paradip Port. * KMEW will execute the order over a period of 4 months, excluding the monsoon period, deploying its existing vessel River Pearl 2 “Grab Hopper Dredger”. * Mr. Sujay Kewalramani, CEO of KMEW, stated that this is the company's ninth consecutive contract from DCIL in four years, highlighting their proven expertise, execution excellence, and trusted partnership. He emphasized the critical nature of the work in removing hard patches to ensure safe navigation for deep draft vessels and unlock the port's full potential. * The CEO further noted the company's commitment to operational discipline and asset optimization by strategically deploying existing assets for high-value projects without incurring significant capital expenditure.
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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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See the model portfoliosA plain-language summary of a public exchange filing by Knowledge Marine & Engineering Works Limited. Read the original for the full detail.