Deals28 Oct 2024, 06:41 pm
Knowledge Marine Secures INR 147 Crores Contract from IWAI for River Ganga Maintenance
AI Summary
Knowledge Marine & Engineering Works Ltd. (KMEW) has been awarded a work order from Inland Waterway Authority of India (IWAI) for fairway maintenance of Sultanganj- Mahendrapur (74 KM) and Mahendrapur - Barh (71 KM) stretches of National Waterway-1 (River Ganga). The contract is valued at INR 147,43,51,000 and is for a period of three years, extendable by two more years.
Key Highlights
- KMEW has been awarded a significant contract from IWAI for river Ganga maintenance.
- The contract is valued at INR 147,43,51,000 and is for a period of three years, extendable by two more years.
- The contract involves fairway maintenance of Sultanganj- Mahendrapur (74 KM) and Mahendrapur - Barh (71 KM) stretches of National Waterway-1 (River Ganga).
- This contract win marks KMEW's largest contract win in the domestic market with the IWAI.
- KMEW is now one of the biggest dredging contractors with IWAI in terms of value and scope.