Stock Report

KMEW Secures Capital & Maintenance Dredging Work at Deendayal Port Authority

Posted On : 2025-09-09 15:20:50( TIMEZONE : IST )

Knowledge Marine & Engineering Works Limited ("KMEW") (BSE: 543273) (NSE: KMEW) is proud to announce that we have been awarded a work order by Deendayal Port Authority ("DPA") for execution of "Dredging in Approach Channel, Turning Circle, Berth Pockets surrounding of Landing Pontoon, etc. for maintaining 6.8m Below Chart Datum ("BCD") from the existing dredged level at Ghogha Ro-Ro Terminal -Gujarat". The said work order is valued at ₹ 47.59 Crores (Rupees FortySeven Crores Fifty-Nine Lakhs) including taxes and is to be executed over a period 12 (Twelve) months.

The initial capital dredging work is to be carried out in the approach channel and turning circle from the existing level up to the designed depth of 6.8m BCD within the first three months and is valued at 60% of the contract value. The maintenance dredging is to be carried out for balance 9 months and will generate revenue of 40% of the contract value.

To ensure operational efficiency, KMEW will deploy its existing Vessel River Pearl 8 "Trailing Suction Hopper Dredger" for the initial capital dredging work which is already in the state of Gujarat. This strategic vessel deployment not only reflects the company's asset readiness but also highlights its commitment to maximizing fleet utilization.

KMEW bagged this contract against severe competition from Sahara Dredging Limited and Rock and Reef Dredging Private Limited who were declared L2 and L3 for the said tender. This win highlights Company's focus and determination and using right methodology against its competition to win the contract.

KMEW's latest contract win reflects trust of the port authority on KMEW's timeline-driven, phased execution model and strong project planning. It also reinforces its expertise in executing complex dredging projects with the right vessel infrastructure and technical proficiency.

With the vessel mobilized in line with project timelines, KMEW is well-positioned to deliver seamless and timely execution, reinforcing its position as a dependable player in India's dredging landscape. The project also highlights KMEW's decade-long track record of consistent performance across major Indian ports.

Commenting on the Work Order, Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd said that, This latest contract win further strengthens our presence at Deendayal Port and underscores the trust placed in us by the Deendayal Port Authority (DPA). Our consistent success in securing such projects highlights our operational excellence and dedication to enhancing India's maritime infrastructure. As part of our strategy maximise the utilisation of our existing assets, we will deploy our Trailing Suction Hopper Dredger (TSHD) on the Western coast. This work order adds revenue of ₹ 47.59 crores to the existing order book to be executed in the current financial year, amounting to approximately 25% of the previous year turnover. Additionally, it reinforces our strong growth trajectory and long - term business sustainability. By strategically deploying existing assets, we continue to execute high-value projects without incurring significant capital expenditure-demonstrating our commitment to operational discipline and asset optimization. We remain focused on delivering consistent value to our clients while strengthening our position as a reliable and forward-looking force in the industry."

Shares of Knowledge Marine & Engineering Works Ltd was last trading in BSE at Rs. 1732.40 as compared to the previous close of Rs. 1745.05. The total number of shares traded during the day was 595 in over 160 trades.

The stock hit an intraday high of Rs. 1798.95 and intraday low of 1720.05. The net turnover during the day was Rs. 1036846.00.