Knowledge Marine wins ₹303 crore dredging order

Knowledge Marine & Engineering Works Limited has secured a ₹303.17 crore maintenance dredging contract from New Mangalore Port Authority for three years. The company described it as its largest-ever dredging order. Moneycontrol The contract covers 15.9 million cubic metres of dredging over FY27 to FY29. Work for the first year is scheduled to begin on November 15, 2026, with annual work planned within 150 days. Outlook Business My view is that the order is significant because it adds multi-year revenue visibility rather than a one-time contract. The key risk is execution, particularly the company’s ability to complete the planned annual dredging within the contracted period. The next trigger is commencement of the first-year project and subsequent execution updates. Stance: Positive on order visibility, with execution as the key risk.