12 Mar, 09:19 - Indian

Nifty Midcap 100 55464.25 (-1.77)

Nifty 50 23563.15 (-1.27)

Nifty Next 50 65370.15 (-1.70)

Nifty Smallcap 100 16129 (-1.74)

Nifty IT 29512.9 (-0.47)

Nifty Bank 54802.65 (-1.67)

Nifty Pharma 23142.95 (-0.88)

SENSEX 75941.62 (-1.20)

12 Mar, 09:19 - Global

NIKKEI 225 53992.52 (-1.88)

HANG SENG 25572 (-1.26)

S&P 6724 (-0.99)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(19 Dec 2025, 13:35)

Knowledge Marine bags rock dredging contract from Dredging Corporation

Knowledge Marine & Engineering Works said that it has received a rock dredging work contract from Dredging Corporation of India (DCIL) worth Rs 58.39 crore.


The scope of the work order encompasses the removal of rock pinnacles and high spots at the Coastal Berth of Jawaharlal Nehru Port, followed by the disposal of the dredged material at the designated dumping ground, DS-3.

This technically critical rock dredging assignment necessitates extensive pre-treatment and the execution of underwater controlled blasting, subsequent to high-precision drilling operations in rock formations exhibiting compressive strengths in excess of 170 megapascals.

The operations will be carried out through an integrated deployment of advanced marine assets, including a dedicated drilling and blasting barge, trailing suction hopper dredgers (TSHDs), a backhoe dredger, self-propelled hopper barges, and secured explosives storage facilities.

KMEW has 60 days to mobilise the equipment and get all the requisite permissions before commencing the works.

Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works, said: "We are positioning ourselves as a comprehensive solution provider capable of executing the most technically demanding works within the port sector.

This assignment has been attempted by several dredging contractors; however, it has largely remained unsuccessful due to its extraordinary complexity. The rock formation targeted for dredging is estimated to exhibit compressive strengths exceeding 170 megapascals, rendering it the most formidable geological stratum ever undertaken by the KMEW team.

This award further consolidates our standing as a trusted partner within India’s dredging industry and reinforces our contribution to the advancement of the nation’s maritime infrastructure."

Knowledge Marine & Engineering Works is engaged in providing dredging services, owning and operating marine craft, and repairing, maintaining, and refitting marine crafts and marine infrastructure. Its head office is in Mumbai, and operations are spread across major ports in the country through branch offices in Kolkata, Visakhapatnam, Kandla, Vadinar, and Sittwe, Myanmar.

The company posted a 10.09% decrease in consolidated net profit at Rs 11.20 crore on a 4.4% decline in revenue from operations to Rs 50.17 crore in Q2 FY26 compared with Q2 FY25.

The scrip fell 1.08% to currently trade at Rs 3427.70 on the BSE.


More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and Content powered by CMOTS InfoTech (ISO 9001:2015 & ISO/IEC 27001:2022 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +