KMEW Secures Largest Dredging Order Worth ₹303.17 Crore from NMPA
KMEW received its largest-ever dredging order worth ₹303.17 crore from New Mangalore Port Authority for a three-year maintenance contract starting FY 2026-27. The order involves dredging 15.9 million cubic metres, with operations commencing November 15, 2026.
The order value is substantial and represents the company's largest to date, significantly boosting its order book and providing long-term revenue visibility, which is a material event for the company.
The announcement details the receipt of a significant new order, which is the largest in the company's history, indicating positive business development and growth.
Knowledge Marine & Engineering Works Limited (KMEW) has received a significant work order from New Mangalore Port Authority (NMPA) for maintenance dredging at New Mangalore Port. This contract, spanning three years from FY 2026-27 to FY 2028-29, is valued at ₹303.17 crore, inclusive of GST, making it the largest dredging order in the company's history.
The scope of work involves post-monsoon maintenance dredging of 15.9 million cubic metres over the three-year period, with an average annual volume of 5.3 million cubic metres. The annual base contract value is approximately ₹101.07 crore. Operations are scheduled to commence from November 15, 2026, with each year's dredging work to be completed within 150 days.
The project includes dredging across the outer approach channel, lagoon, dock areas, turning circle, and designated berth faces, requiring the deployment of a Trailing Suction Hopper Dredger (TSHD) and specialized equipment. KMEW emerged as the lowest bidder, with its bid approximately 10.16% lower than the competition.
This contract signifies KMEW's strategic shift towards larger-volume dredging assignments and provides multi-year revenue visibility. Mr. Sujay Kewalramani, CEO of KMEW, highlighted the order's scale in execution and revenue, the larger responsibility of maintaining the complete port, and the company's full-spectrum presence as key achievements. This award is also seen as an inflection point for the company to own and operate mid-size Trailing Suction Hopper Dredgers.
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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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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.