Knowledge Marine & Engineering Works Secures ₹47.59 Crore Dredging Order from Deendayal Port Authority; Stock Climbs 2.3%

Mumbai, September 9, 2025: Knowledge Marine & Engineering Works Limited (NSE: KMEW, BSE: 543273) announced that it has secured an order worth ₹47.59 crore from Deendayal Port Authority (DPA). The order entails undertaking dredging work at the Ghogha Ro-Ro Terminal in Gujarat. The order, including GST, has a duration of 12 months and comprises dredging of approach channel, turning circle, and berth pockets for maintaining a depth of 6.8 meters below chart datum.

Contract Highlights

Deendayal Port Authority has assigned the company a ₹47.59 crore (inclusive of GST) dredging job. The job includes dredging in the approach channel, turn circle, berth pockets, and landing pontoon at Ghogha Ro-Ro Terminal.

The project will be executed over a duration of 12 months. 60% of the work, which is capital dredging, is to be completed in the first three months. The remaining 40% is allocated for maintenance dredging over the next nine months. The company will execute this project using its Trailing Suction Hopper Dredger, River Pearl 8.

Management Commentary

Sujay Kewalramani, CEO of KMEW, said: “This latest contract victory reinforces our footprint in Deendayal Port and reaffirms the faith shown in us by the Port Authority. From the utilization of our existing Trailing Suction Hopper Dredger, we will seek to maximize asset utilization while contributing a shot in the arm of ₹47.59 crore in revenues to our existing year’s order book, which is equivalent to approximately 25% of last year’s turnover.”

Market Performance Snapshot (As on Sep 9, 2025 – 3:30 PM IST)

KM͏EW share͏s settle͏d at ͏₹1,773.60 on S͏͏ept͏embe͏r 9͏, 2025, ͏ma͏rki͏ng a 2.3͏0% ͏ri͏se ͏from the prev͏ious close ͏͏of ͏₹͏1͏,733.80͏. The st͏ock opene͏d at ₹1,733.͏80 an͏d mo͏ved betw͏een an͏ int͏rad͏a͏y ͏high ͏o͏f ͏₹͏͏1,807.50 ͏and a ͏͏low ͏of ₹1͏,703.30͏. The company’s mark͏et capitalisati͏on i͏s͏͏ curr͏ent͏ly estimated͏ ͏at ₹1͏,͏93͏0͏ crore.͏ ͏Over the pa͏st 52 we͏͏eks, K͏ME͏W ͏has r͏͏ecorde͏d a high of ₹2,485.4͏5 ͏and͏ a low o͏f ₹1,264͏.0͏5͏.͏

REF: https://nsearchives.nseindia.com/corporate/KMEW_09092025150007_Intimation_of_Work_Order-DPA.pdf

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