Knowledge Marine & Engineering Works wins ₹303 crore port dredging order

The contract in numbers

Scope of the New Mangalore Port work

The work covers maintenance dredging of the outer approach channel, lagoon, dock areas, turning circle, designated berth faces and pump-house areas. The outer approach channel is a 7.5 km channel dredged up to 15.40 m below Chart Datum.

The contract requires a suitable Trailing Suction Hopper Dredger (TSHD), along with specialised equipment for berth-face and pump-house dredging. Besides the principal dredging volume, it includes specified berth-face dredging of 180,000 cubic metres and pump-house area dredging of 18,000 cubic metres over the three years.

Lowest bid and the company's account of the award

Knowledge Marine & Engineering Works was the lowest bidder, with its bid approximately 10.16% below the bid submitted by the competition. The company says the award is the first time the maintenance dredging of the complete port premises has been given to it.

Chief Executive Officer Sujay Kewalramani called the order "a landmark order for KMEW". He said it moves the company towards a "sustained, perpetual, large-volume maintenance dredging programme", and the company says the three-year engagement adds to its order book.

What the order means for Knowledge Marine & Engineering Works' shareholders

The order adds a three-year maintenance dredging contract with an annual base value of ₹101.07 crore including taxes to the company's order book. The filing does not say what margin the work will earn, what effect it will have on results, or what payment terms apply.

The next dated step is the start of operations on 15 Nov 2026.

Reference: Original filing (PDF)