NSEBagging/Receiving of orders/contracts1d ago · 30 Oct 2026, 12:06 pm

Bagging/Receiving of orders/contracts

Knowledge Marine & Engineering Works Limited · KMEW

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Knowledge Marine & Engineering Works Limited has secured its largest-ever dredging order worth ₹303.17 crore at New Mangalore Port, marking a strategic shift towards large-volume dredging works.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10

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Knowledge Marine & Engineering Works Limited has informed the Exchange about Bagging/Receiving of orders/contracts

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KMEW_30102026120614_Intimation_Work_Order_NMPA-r.pdf

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KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED Ship Builders, Repairers, Charterers and Marine Contractors CIN: L74120MH2015PLC269596 Ref: KMEW/BSE/Reg-30/2026-27/40 Date: October 30, 2026 Listing Department Listing & Compliance Department BSE Limited The National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, C-1 Block G, Dalal Street, Fort Bandra Kurla Complex, Mumbai- 400001 Bandra (E), Mumbai – 400051 Scrip Code Symbol ISIN 543273 KMEW INE0CJD01029 Sub: Intimation under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”) – Receipt of Work Order from New Mangalore Port Authority Dear Sir/Ma’am, Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we are pleased to inform you that Knowledge Marine & Engineering Works Limited (“KMEW”) has received a Work Order from New Mangalore Port Authority (NMPA) for Maintenance Dredging at New Mangalore Port for the years 2026-27, 2027-28 & 2028-29 (03 Years). The said work order is for the period of 3 years and valued at ₹ 303.17 crore (Rupees Three Hundred Three Crores Seventeen Lakhs Only) including GST. Please find attached a copy of the Press Release with respect to same as “Annexure – A”. The details and information as required under Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 and last updated on January 30, 2026 are annexed to this letter. Thanking You, Yours Faithfully, For Knowledge Marine & Engineering Works Limited Avdhoot Kotwal Company Secretary & Compliance Officer Regd. Office: Unit No. 706 & 707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk, Chembur East, Mumbai – 400 071 Phone: 022 – 35374606 | E-mail: info@kmew.in |Website: www.kmew.in Listed on BSE & NSE exchange (KMEW | 543273 | INE0CJD01029) Knowledge Marine & Engineering Works Ltd. (BSE: 543273) (NSE: KMEW) Press Release KMEW Secures Its Largest-Ever Dredging Order Worth ₹303.17 Crore at New Mangalore Port; Marks Strategic Shift Towards Large-Volume Dredging Works. Mumbai, October 30, 2026: Knowledge Marine & Engineering Works Limited (KMEW) has secured it’s largest dredging order in the Company’s history by receiving a Letter of Acceptance from New Mangalore Port Authority (NMPA) for a three-year maintenance dredging contract valued at approximately ₹303.17 crore, including taxes. KMEW emerged as the lowest bidder, with its bid approximately 10.16% below the bid submitted by the competition. The landmark contract, covering FY 2026–27, FY 2027–28 and FY 2028–29, involves post-monsoon maintenance dredging of 15.9 million cubic metres over three years, equivalent to an average annual volume of 5.3 million cubic metres. The annual base contract value is approximately ₹101.07 crore, including taxes. Operations are scheduled to commence from 15th November 2026 for the first year, with annual dredging work to be completed within 150 days each year. Key Project Scope and Dredging Depths The project encompasses maintenance dredging across the outer approach channel, lagoon, dock areas, turning circle, designated berth faces and pump-house areas. It involves deployment of a suitable Trailing Suction Hopper Dredger (TSHD), along with specialised equipment for berth-face and pump-house dredging. Area Scope / Specified Depth 7.5 km channel; up to 15.40 m below Chart Outer Approach Channel Datum (CD) Lagoon, Oil Dock Arm and Dredging up to 15.10 m below CD in Turning Circle specified areas KIO Berth Extension Lagoon Up to 14.00 m below CD Berth-specific depths ranging from 8.00 m Designated Berth Faces to 15.10 m below CD Old Dock Arm / Eastern To depths specified by the Engineer / Dock Marine Department Pump Houses 1 and 2 6.00 m below CD Pump House 3 10.00 m below CD Unit No. 706-707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk Chembur (East), Mumbai – 400 071 Knowledge Marine & Engineering Works Ltd. (BSE: 543273) (NSE: KMEW) In addition to the principal dredging volume, the contract includes specified berth- face dredging of 180,000 cubic metres and pump-house area dredging of 18,000 cubic metres over the three-year period. Building Scale and Long-Term Revenue Visibility The New Mangalore Port award represents more than KMEW’s largest-ever dredging order. It reflects the Company’s strategic progression towards higher-volume dredging assignments, sustained asset utilisation and larger-scale port infrastructure projects. The three-year engagement adds a substantial maintenance dredging assignment to KMEW’s order book and provides multi-year revenue visibility. It also strengthens the Company’s execution credentials and positions it to pursue further opportunities in large-volume maintenance and capital dredging across India’s port infrastructure sector. Commenting on the development, Mr. Sujay Kewalramani, Chief Executive Officer, Knowledge Marine & Engineering Works Limited, said: “This is a landmark order for KMEW and an important milestone in our journey towards building an integrated marine infrastructure company. The three highlights that stand out with this order are; 1. Scale in volume of execution and revenue 2. Larger responsibility of maintain the complete port 3. Full-Spectrum presence, smaller as well as larger dredgers. The scale of this contract represents a significant progression from the comparatively smaller-volume dredging assignments to a sustained, perpetual, large-volume maintenance dredging programme. In the past, we have been awarded the partial responsibility of maintaining depths in a section of a port area. This is the first time the maintenance dredging of the complete port premises has been rendered upon us. This move enables the company to place itself as a Full-Spectrum/ Dual-Market Strategy business model. This award, is the infliction point for owning and operating mid-size Trailing Suction Hopper Dredger by the Company.” About Knowledge Marine & Engineering Works Ltd: Incorporated in 2015, KMEW is in the business of owning and operating Marine Crafts, dredging, repair and maintenance/refits of Marine Crafts and Marine Infrastructure. The Company provides multiple solutions of marine engineering including dredging at various ports, carrying out repair and refit services of naval and merchant ships, conducting hydrographic and magnetometer surveys and technical solutions for maintenance and operations of vessels. Over the years, it has become an established player in the small marine craft business segment and dredging services in India and have evolved from a small ship-repair unit to a ship-owning Unit No. 706-707, The Epicentre, W. T. Patil Marg, Off Eastern Freeway, BEST Colony, Near Shivaji Chowk Chembur (East), Mumbai – 400 071 Knowledge Marine & Engineering Works Ltd. (BSE: 543273) (NSE: KMEW) Company. The company has a multi-million order book from esteemed clients such as Ministry of External Affairs, Kolkata Port Trust, Visakhapatnam Port Trust, Deendayal Port Trust, Paradip Port Trust, Dredging Corporation of India and various other ports. Safe Harbour Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company d [Showing first 8,000 characters — download PDF for full document]