Knowledge Marine & Engineering Works Limited received a Letter of Award (LOA) from the Dredging Corporation of India for the Capital Dredging work at the Paradip Port. This contract, valued at INR 7,49,50,000 (Rupees Seven Crore Forty-Nine Lakhs and Fifty Thousand Only), will be executed within 4 months excluding the monsoon season. The new contract has to be executed at Paradip Port, further highlighting excellence in both capital and maintenance dredging.

This latest win involves undertaking capital dredging to clear the hard patches in the North Dock Complex area of Paradip Port. Continuous project wins in Fiscal Year 2025 underscore the company's growing reputation and reliability, reinforcing its leadership in the industry. KMEW will deploy its existing vessel River Pearl 2 "Grab Hopper Dredger" for the said project.

Prior to this contract, River Pearl 2 was deployed at Kolkata Port for a contract and was earning a revenue of INR 4.5 million for the full year. This sizable order of INR 7.49 million for the same asset will be executed only during 4 months. This strategic approach not only demonstrates the company's operational efficiency but also underscores its commitment to maximizing the use of its assets, ensuring continuous and effective deployment of its dredging capabilities.