Knowledge Marine wins ₹303 crore dredging order at New Mangalore Port
Knowledge Marine & Engineering Works won a ₹303.17 crore dredging contract at New Mangalore Port, per Moody's, after bidding 10.16% below rivals.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Moody's reports that Knowledge Marine & Engineering Works (KMEW) has won a dredging contract worth over ₹300 crore from the New Mangalore Port Authority. In a company statement issued on Saturday, KMEW said its offer was the lowest, about 10.16% under the bids of rivals. The firm called it the largest dredging order in its history, valued at ₹303.17 crore.
The scope covers routine dredging in the outer approach channel, the lagoon, dock zones, the turning basin, along berth fronts and at pump-house sites. KMEW plans to deploy a trailing suction hopper dredger alongside specialised equipment for berth-face and pump-house work.
why it matters
For a marine engineering firm, an order of this size is a notable addition to its pipeline but has little read-across to broad markets.
tags
instruments
sources
- Knowledge Marine bags ₹300 crore dredging order from New Mangalore Port — Moody's, 1 November 2026 at 10:40 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗