Knowledge Marine and Engineering Works Limited (KMEW) has won a Rs 70 crore ($9 million) order from Dredging Corporation of India for capital dredging at Mangrol Fishing Harbours Phase III in Gujarat.
“KMEW has been awarded a contract worth Rs 68 crore exclusive of taxes. This is the first ever rock dredging contract. At the beginning of FY23 KMEW had an order book of Rs 182 crore. With the latest win, it has zoomed to Rs 250 crore,” the Mumbai-based KMEW said on Thursday.
The project, whose timeline ends on June 15, 2023 will be completed in two phases.
Also, the job can be extended if the quantity of work increases more than 20 per cent.
As part of the task, KMEW will be involved in excavating and removing the rocks and sediments from the seabed to increase the depth of the navigation channels, berthing areas to ensure safe passage for the fishing boats.