The Indian government is actively working to enhance waterway connectivity and develop marine logistics to optimize goods transportation. By dredging rivers and port areas, the government aims to create deep-sea ports, facilitating larger vessels and boosting trade efficiency. This initiative is part of a broader plan to establish inland waterways as a cost-effective, eco-friendly alternative for goods movement, reducing reliance on road and rail.
Key projects include dredging operations along major rivers to improve navigability and expand port infrastructure. These efforts will support the country’s logistics framework, encouraging industrial growth and improving access to remote regions while reducing transportation costs.
Recent Updates
Knowledge Marine & Engineering Works Limited (KMEW) announced on November 8, 2024, that it has secured a significant contract from Dredging Corporation of India Limited for the development and maintenance of fairways along National Waterways in the Barak River (National Waterway-16).
The project covers the stretch from Bhanga to Badarpur and is valued at ₹39.53 crore. This three-year contract underscores KMEW’s expertise in waterway infrastructure and will involve ongoing dredging and maintenance to ensure safe, navigable routes, enhancing transportation along this critical waterway.
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Share Price
The share price of the company hit a lifetime high of Rs. 2,050 at 11:35. The stock is currently trading at Rs.1,950 at 03:08 pm as of November 8, 2024.
About the Company
Knowledge Marine is a company specializing in maritime services, particularly in the maintenance of marine craft and dredging activities. They offer a range of services designed to enhance the operational efficiency and longevity of vessels, including routine maintenance, repairs, and technical support for a variety of marine craft, such as ships, barges, and offshore rigs.
In addition to vessel maintenance, Knowledge Marine is heavily involved in dredging activities, providing solutions for the removal of sediment and debris from the seabed. Dredging is vital for maintaining navigable waterways, ports, and harbors, ensuring that vessels can safely pass through shallow or obstructed areas.
With expertise in both marine craft maintenance and dredging operations, Knowledge Marine plays a key role in ensuring the smooth functioning of maritime transport and infrastructure, while also supporting environmental sustainability through responsible dredging practices.
Conclusion
The recent contract win from the Dredging Corporation of India Limited has propelled Knowledge Marine & Engineering Works Limited (KMEW) to new heights, with the stock hitting a lifetime high. This project, valued at over ₹39.53 crore, underscores KMEW’s expertise in waterway infrastructure and its ability to capitalize on the government’s initiatives to enhance India’s maritime logistics and transportation capabilities. The company’s focus on both vessel maintenance and dredging operations positions it well to support the country’s growing infrastructure needs in the waterways sector.
Written By: Dipangshu Kundu
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