KMEW bags international dredging contract from Ministry of External Affairs

Knowledge Marine & Engineering Works Limited (KMEW), a BSE listed Company, has been awarded with the contract for ‘Dredging and providing maintenance on Access Channel and Port basin at Sittwe Port, Myanmar and Kaladan River for Shipping and Navigation in KMTTP, Myanmar’ from the Ministry of External Affairs, Government of India.

This is the first ever-international contract awarded to the Company. The company shall contribute to assisting the Government of India to build the strategic port at Sittwe, Myanmar which will connect the northeastern states via the Kaladan River and reduce the transportation time and cost. The value of the contract is aggregated to Rs.139 crores, which is to be executed within a period of 2 Years and 7 months. The project may be extended for further 2 years at additional cost.

The said contract is awarded jointly to Knowledge Marine & Engineering Works Limited, Lead Partner, and Sahara Dredging Limited. The company recently acquired vessel River Pearl 8 (ex – TSHD Cauvery) with other dredgers and ancillary crafts that will be deployed at Sittwe Port for executing the above-mentioned work. Commenting on the Letter of Award win, Sujay Kewalramani, CEO of Knowledge Marine & Engineering Works Limited, said, “It is a big order win for us. We are extremely delighted and looking forward to delivery of the project in the given timeline.”

“The company is constantly focusing on delivering the best all-round marine solutions on time. The company has a vision to emerge as a global player in the field of marine services by maintaining professional standards with specialist knowledge of environmentally-friendly techniques, innovative approach and focus on health, safety and cost-efficiency,” he further added.