KMEW Secures ₹303.17 Cr Dredging Order from NMPA

Knowledge Marine & Engineering Works Limited (KMEW) has secured its largest-ever dredging order, a three-year maintenance dredging contract from New Mangalore Port Authority (NMPA) valued at ₹303.17 crore (including GST). The contract, covering FY 2026-27 to 2028-29, involves dredging 15.9 million cubic metres over three years, with an annual base contract value of approximately ₹101.07 crore. Operations are set to begin on November 15, 2026. This significant award marks a strategic shift for KMEW towards larger-volume dredging assignments and provides multi-year revenue visibility, strengthening its position in the port infrastructure sector.