KMEW Lands ₹28.32 Cr Dredging Deal with DCIL for Pondicherry Port

Hey finance enthusiasts! 👋 Let’s dive into some exciting news from the marine engineering sector. Knowledge Marine & Engineering Works Limited (KMEW), a key player in ship building, repairs, and marine contracting, has just announced a significant new work order.

KMEW has secured a substantial contract from the Dredging Corporation of India Limited (DCIL). This deal involves the chartering of a Shallow Draft Trailing Suction Hopper Dredger (TSHD) for crucial maintenance dredging operations at Pondicherry Port during the 2024-25 period.

Valued at a hefty ₹28,32,00,000/- (that’s Twenty-Eight Crores Thirty-Two Lakh Rupees, inclusive of GST!), this contract is set to be executed over a period of three months, with a potential extension of an additional month. This is a domestic contract, further solidifying KMEW’s presence within India’s vital port infrastructure.

This new order is a big win for KMEW, as it deepens their dredging portfolio and reinforces their position as a trusted partner in the marine sector. It highlights their commitment to expanding capabilities across India’s port infrastructure and maintaining crucial waterways. The company emphasized that this strategic move aims to maximize asset utilization and ensure efficient, uninterrupted dredging operations.

It’s always interesting to see companies like KMEW contributing to India’s maritime strength! Keep an eye on this space for more updates. 🚢✨

source: Corporate Announcement

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