Knowledge Marine & Engineering Works Limited has informed the Exchange about Bagging/Receiving of orders/contracts
KMEW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Knowledge Marine & Engineering Works Limited (KMEW) has secured a new work order from Dredging Corporation of India Limited (DCIL) for grab dredging at multiple locations in the Port Dock Areas of Paradip Port. The contract is valued at ₹7.25 crore (inclusive of GST) and involves dredging approximately 64,358 cubic metres over a 4-month period (excluding monsoon). This is described as the company's 9th consecutive contract from DCIL in the past four years, highlighting a strong repeat business relationship. KMEW will deploy its existing vessel 'River Pearl 2' for the project, meaning no major capital expenditure is required. The work involves removing hard underwater patches to enable safe navigation of deep-draft vessels at the port.
Positive for the company as it reinforces a proven track record with a key government client and adds to the FY26 order book without requiring new asset investment. Repeat orders from DCI signal execution reliability, which may support investor confidence, though the absolute size of ₹7.25 crore is modest.