Knowledge Marine & Engineering Works Ltd. Secures ₹48.45 Crore Dredging Contract from DCI for Deendayal Port

Mumbai, India, February 05, 2025 – Knowledge Marine & Engineering Works Ltd. (KMEW) has secured a significant dredging contract from the Dredging Corporation of India Limited (DCIL) for work at Deendayal Port, Kandla. The contract, valued at ₹48.45 crore (inclusive of taxes), is for one year, with an option to extend for another year upon mutual agreement.

Contract Overview​

The agreement involves the chartering of a Trailing Suction Hopper Dredger (TSHD) for dredging operations at the following locations:

• Navigational Channel
• Kandla Creek
• Oil Jetties
• Cargo Berths at Deendayal Port.

The total project value for dredging at Deendayal Port is estimated at approximately ₹409 crore, with KMEW's stake in the project amounting to 10%.

Strategic Importance of the Contract​

KMEW's participation in this contract strengthens its presence in India's western maritime sector. The company is already engaged in multiple dredging projects at Deendayal Port, including:

• Maintenance dredging and salvage work valued at ₹15.06 crore
• Deployment of a grab hopper dredger under a three-year contract.

CEO's Statement​

KMEW's CEO, Mr. Sujay Kewalramani, emphasized the company's commitment to India's maritime infrastructure:

"This latest contract win strengthens our presence at Deendayal Port and underscores the trust placed in us by DCI. We are continuously expanding our fleet and have already deployed a Trailing Suction Hopper Dredger (TSHD) on the eastern coast. Our growing order book, now at ₹1,081 crore, reflects our strong growth trajectory and long-term sustainability."

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Financial & Market Position​

With this contract, KMEW's order book with DCI has reached ₹97.11 crore, reinforcing its status as a key player in India's dredging and marine infrastructure industry.

Future Outlook​

KMEW is strategically positioned to expand its fleet and capabilities in large-scale dredging operations. The company's increasing engagement in government and private maritime projects further solidifies its standing in the Indian marine engineering sector.

This development marks KMEW's fifth contract with DCI, highlighting the company's consistent success in securing large-scale projects and its ability to execute them efficiently.