30-Oct-2026 12:05:05
KMEWBig Order
KMEW : WINS RS 303.17 CR DREDGING ORDER FROM NEW MANGALORE PORT
• Work order from New Mangalore Port Authority for maintenance dredging across 2026-27, 2027-28 and 2028-29 (3 years) • Order valued at ₹303.17 Cr including GST; annual base contract value ~₹101.07 Cr including taxes • Company's largest-ever dredging order; KMEW emerged lowest bidder, ~10.16% below the competing bid • Scope covers 15.9 million cubic metres over three years (average 5.3 million cubic metres annually) • Operations to commence 15 November 2026, with annual dredging completed within 150 days each year • First time KMEW gets maintenance dredging responsibility for the complete port premises, adding multi-year revenue visibility
Knowledge Marine & Engineering Works Ltd
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