Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

KMEW Secures Second IWAI Contract: Driving Waterway Enhancement on National Waterway - 1

Posted On: 2024-05-11 22:30:50 (Time Zone: IST)

Knowledge Marine & Engineering Works Ltd has received the Letter of Award (LoA) from the Inland Waterways Authority of India (IWAI) for the procurement for 'Fairway-Maintenance on Quantity Based Dredging of Barh - Digha Stretch (74 Km) for National Waterway - 1 (River Ganga)". The contract, valued at Rs 73.14 Crores, spans a duration of three years and further extendable by 2 more years.

KMEW has been awarded the contract for dredging operations along the 74 km stretch of National Waterway - 1, from Barh to Digha. This initiative is part of IWAI's ongoing efforts, known as the Jal Marg Vikas Projects, aimed at revolutionizing vessel navigation on National waterways. Over the course of three years, with potential extensions based on performance, KMEW will focus on quantity-based dredging operations.

With the recent securing of a second contract from National Waterways - 1, the company is poised to pursue and secure additional contracts, extending beyond the confines of National Waterways - 1. It aims to explore more opportunities in National Waterways - 1, 2 and 3, recognizing their vast potential. With the national waterways network spanning approximately 20,275.5 kilometres, the company stands at the forefront, well-prepared to capitalize on these opportunities. Upon completion of projects and active participation in bidding processes, the company anticipates not only resilience but also sustained growth and success in the future.

KMEW is set to mobilize two Cutter Suction Dredgers for both the newly secured project and the earlier one. Previously, the company utilized trailers, backhoes, and grab dredgers. This venture marks KMEW's enthusiastic entry into the Cutter Suction Dredger market.

Commenting on the Letter of Award (LoA), Mr. Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Ltd said that, "We are pleased to announce our latest achievement. Following our breakthrough with the first contract awarded by IWAI, KMEW has now secured yet another significant contract for another crucial stretch, marking a total of 220 km under our belt. National Waterway 1, spanning a length of 1620 km, holds immense importance, and maintaining a targeted Least Available Depth in various stretches is paramount. KMEW has been actively participating in bids for different stretches identified along National Waterway 1. Furthermore, it will also participate in National Waterways 2 and 3 as they are operational and offer immense opportunities, presenting us with abundant prospects for further inland waterway projects. This accomplishment not only underscores our commitment to excellence but also solidifies our position as a key player in the enhancement and development of inland waterway infrastructure."

Shares of Knowledge Marine & Engineering Works Ltd was last trading in BSE at Rs. 1290.00 as compared to the previous close of Rs. 1259.75. The total number of shares traded during the day was 2750 in over 20 trades.

The stock hit an intraday high of Rs. 1290.00 and intraday low of 1249.00. The net turnover during the day was Rs. 3511425.00.

Click here to send ur comments or to

Other Headlines:

Shares of Go Digit General Insurance debuts on the bourses, closes 12% premium

New India Assurance reports 128.4% growth in profit after tax in Q 4FY 24

Astral Limited Launches Comprehensive New Paint Line as Astral Paints

HCLTech's AquaSphere solution wins SAP Pinnacle Award

Saregama Q4 FY24 Total Revenue at Rs.2,810 Mn

Godrej Properties achieves booking value of over INR 2,000 crore through the launch of its project Godrej Jardinia in Noida

L&T Technology Services announces Establishment of Simulation Centre of Excellence for Airbus

Ratnaveer Precision Engineering Ltd reports impressive growth with 23.94% increase in Net Profit, achieving Rs31.04 Crore in FY24

Metro Brands Ltd reports standalone YoY revenue growth of 11%

GRSE records highest ever Profit After Tax and Revenue from Operations during FY 24

Airtel Payments Bank Soars in FY24, Records INR 1,836 Crore of Revenue

Get ready for season 2 of #nofilter by IndiGo

Temp Shield Tiles: Saviour against Scorching Heat

Karur Vysya Bank opens its 840th Branch at Ayodhya today

JK Tyre records highest ever revenues and profits in FY24

HCLTech recognized as a Leader in Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services

BPCL Boosts Aviation Fueling Capabilities with New Hydrant Facilities at Manohar International Airport

Sinclairs Hotels Total Income at ? 6512.59 lakh, up by 13.60%

Moneyboxx Finance reports strong turnaround in profitability in FY24

QubeHealth-Pay launches unique healthcare payment benefits for ION Exchange's 3000 employees

Explore the world with Bata's latest 'Try and Fly' campaign featuring 9 to 9 Collection

Gensol Engineering Ltd. strengthens leadership team with the appointment of Ms. Shilpa Urhekar as CEO, Solar EPC - India

IMFL Maker Tilaknagar Industries Profit After Tax jumps 20.9% in Q4, Revenue Increases to Rs 358.8 Crore

Balu Forge Industries Ltd Expands Forging Capacity

Trident Limited announces interim dividend of INR 0.36 per share for FY 2024-25

SBI General Insurance and Jana Small Finance Bank forge Bancassurance Partnership to increase insurance penetration

Rainbow Children's Medicare Limited recommends final dividend of Rs. 3

Poddar Pigments Limited recommends final dividend of Rs. 4

Ashok Leyland Expands its footprint in Northern India, inaugurates two Dealerships in Faridabad, and one in Greater Noida

Jupiter Wagons Ltd approves preferential issue of warrants to Tatravagonka A.S.

IRIS reports impressive results, enters the Rs 100 cr club

The India Cements Ltd Q4 FY2024 consolidated loss at Rs. 59.05 crores

Rainbow Children’s Medicare Limited consolidated Q4FY24 PAT drops to Rs. 50.97 crores

Poddar Pigments Ltd Q4FY24 profit up at Rs. 8.74 crore

Data Patterns record increased revenue in its Q4 results

Anupam Rasayan India Limited Reports Q4 & FY24 Results

YES BANK Targets India's Elite and Rising Affluent Class for Growth, Launches Premier Banking Services - YES Grandeur

NOD for IDFC First Bank Amalgamation

Modern Engineering and Projects Ltd receives order from Tata Steel Ltd

Waaree Renewable Technologies Ltd receives order worth Rs. 4.89 crore

Tata Sampann launches first of its kind Easy Cook Ragi Atta, a nourishing & convenient cooking choice

Dalmia Bharat boosts capacity with new cement mill of 1.0 MnT at its Ariyalur plant, Tamil Nadu

ESAF Small Finance Bank gets RBI nod for appointment of George Kalaparambil John as Executive Director

IIFL Home Finance becomes India's leading affordable housing finance company with AUM crossing ? 35,000 Crores

Piotex Industries stock makes bumper debut on BSE SME

HomeFirst achieves ?10,000 Crore AUM

RBI approves Mr. Pradeep Natarajan as Whole Time Director of IDFC FIRST Bank Limited

Fusion Micro Finance secures USD 25 million loan from U.S. International Development Finance Corporation

ITI Limited Bags LoIs worth Rs. 37.5 Cr for Solar Street light Systems in Bihar

JK Maxx Paints Launches #SingleBrandSharmaJi Campaign Reinforcing Commitment to Home Beautification

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020