Navigating Success: Knowledge Marine Engineers a Rs 1.27 Bn Boost in Inland Waterways

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Knowledge Marine & Engineering Works Ltd has secured a significant work order valued at Rs 1.27 billion from the Inland Waterways Authority of India (IWAI) to deploy four dredgers. This contract marks a strategic expansion in India’s inland waterway infrastructure development, cementing KMEW’s role in maritime engineering.

Knowledge Marine & Engineering Works Limited (KMEW) has been awarded a landmark work order worth Rs 1.27 billion by the Inland Waterways Authority of India (IWAI) for the supply and deployment of four dredgers. This contract underscores KMEW’s growing prominence in India’s maritime infrastructure sector and aligns with the government’s vision to enhance inland waterways as viable logistic corridors.

The order involves the deployment of specialized dredging vessels that will facilitate maintenance and development dredging activities critical to improving navigability and port accessibility on key waterways. Maintaining adequate water depth ensures smooth and safe passage for vessels, thereby boosting trade and transportation efficiency.

Key highlights of the work order and contract:

Work order valued at Rs 1.27 billion secured from IWAI for four dredgers.
Focus on maintenance dredging to preserve channel depth and navigability.
Contract supports India’s strategic push towards expanding inland waterway transport.
Reinforces KMEW’s leadership in providing advanced marine engineering and dredging solutions.
The order diversifies KMEW’s portfolio with increased government infrastructure projects.
KMEW plans to utilize its in-house fleet and expertise for efficient project execution.
The contract is expected to be executed within stipulated timelines with emphasis on operational precision and environmental compliance.
Strengthens ongoing collaboration with IWAI and opens avenues for future government contracts.

KMEW’s CEO, Sujay Kewalramani, expressed satisfaction over the order win, highlighting it as a testament to KMEW’s quality execution track record and commitment to contributing to India’s maritime infrastructure growth.

This order follows other notable projects by KMEW, including work orders from major port authorities, consolidating its standing as a premier dredging and marine engineering services provider.

Sources: NSE India, KMEW Annual Report, Business Standard, ScanX Trade

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