Knowledge Marine shares jump over 3% after bagging Rs 7.25 crore order from Dredging Corporation of India

Knowledge Marine & Engineering Works (KMEW) shares gained more than 3% after the company announced a new work order from Dredging Corporation of India Limited (DCI). The order is for grab dredging at various locations within the dock areas of Paradip Port and carries a contract value of ₹7.25 crore (including taxes).

According to the company’s filing, the project involves dredging a quantity of 64,358 cubic meters, with a possible variation of up to 20%. The execution timeline is set at four months, excluding the monsoon period.

KMEW will utilize its in-house vessel, River Pearl 2 (Grab Hopper Dredger), which is already stationed at Paradip Port, ensuring immediate commencement of work.

The company highlighted that this order win reflects its strong execution record, operational reliability, and technical expertise in dredging operations. It also marks another addition to the series of contracts secured in FY26, reinforcing KMEW’s growing reputation in the marine services sector.

Management noted that the company’s disciplined execution model and continuous deployment of dredging assets help maximize efficiency and create consistent value for stakeholders.

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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com

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