Deals8 Nov 2024, 07:51 pm
KMEW Secures ₹ 39 Crore Order from Dredging Corporation for Barak River Waterways Development
AI Summary
Knowledge Marine & Engineering Works Ltd. (KMEW) has been awarded a work order by the Dredging Corporation of India (DCI) for the ‘Development and Maintenance of fairway in various National Waterways in Barak River (NW-16) from Bhanga to Badarpur. The contract is for a period of 3 years and is valued at ₹ 39,53,00,000 (Rupees Thirty Nine Crore Fifty Three Lakh Rupees Only) inclusive of taxes. This marks a significant step in expanding operations into a new national waterway, further strengthening the company’s position in the inland waterways sector.
Key Highlights
- KMEW secures a ₹ 39 Crore order from Dredging Corporation of India for Barak River waterways development.
- The contract is for a period of 3 years, contributing to the enhancement of navigational infrastructure in this vital waterway.
- The scope of work involves the development and maintenance of the fairway in Barak River (NW-16) for six months annually over a three-year period.
- This project sets the stage for continued growth and contribution to India’s waterway infrastructure.
- KMEW will now own and/or operate 9 (Nine) Cutter Suction Dredgers with this win.