📌 At a glance:

• Client: Dredging Corporation of India Ltd (DCIL)
• Contract Size: ₹10.77 crore (inclusive of GST)
• Duration: 3 years
• Scope: Single beam & multi-beam surveys at Deendayal Port
• Stock CMP: Notified under BSE: 543273 | NSE: KMEW

🛳️ About the Deal

On May 20, 2025, Knowledge Marine & Engineering Works Ltd (KMEW) informed exchanges that it received a ₹10.77 crore work order from DCIL for:

• Bathymetric survey services using hull/side mounted transducers
• Deployment of a steel hull survey launch & dinghy boat
• Operations at Deendayal Port Authority (DPA) over a 3-year period

The equipment of choice? Their trusted vessel: River Pearl – 1, which previously served Shyama Prasad Mookerjee Port (Kolkata) for 7 years.

🧾 Contract Details (as per SEBI disclosure rules):

📢 Management Speak

“This milestone highlights our role in enhancing port efficiency and our reputation in the port ancillary segment.”

– Sujay Kewalramani, CEO, KMEW

🌊 EduInvesting Take

• KMEW’s steady climb in India’s port services space continues with repeat orders
• ₹10.77 Cr may not look huge, but in KMEW’s context, it’s recurring annuity revenue — no EPC one-off gamble
• Re-use of existing assets (River Pearl-1) = high-margin work

🧠 Strategic Value

• DPA is a major hub and being embedded into its ecosystem gives KMEW strong visibility
• Past track record at Kolkata Port adds credibility

💰 Market Angle

• While this contract won’t double the company’s revenue, it strengthens cash flow certainty for the next 3 years
• Expect improved working capital turnover, operating margin uplift, and investor confidence

🧨 Verdict

“This isn’t a blockbuster order — it’s a recurring royalty cheque. Small ticket, big trust. KMEW is quietly cementing its place in India’s marine backbone.”