Knowledge Marine gains on $40M Myanmar contract approval

27 May 2024 CW Team

It was stated that the contract, valued at $ 4.85 million for a duration of one year, translated to approximately Rs 403.18 million at the prevailing exchange rate of per $ 83.13.

The project was to be executed over the span of one year.

The issuance of the order came subsequent to the successful completion of a similar dredging project, which had been awarded by the Myanmar Port Authority to KMEW in October 2023.

With this recent contract win, marking their third consecutive international order, the company had secured a significant milestone. This followed their initial project with the Government of India and the subsequent dredging of the Yangon River. The contract, valued at $ 4.85 million, surpassed the previous order of $ 2.20 million received in October 2023.

The scope of the contract encompassed the maintenance of the Yangon River, an essential element among the nine ports along the Myanmar coast.

Sujay Kewalramani, the CEO of Knowledge Marine & Engineering Works, expressed his delight, stating that they were pleased to announce their latest achievement of securing a repeat international contract with the Myanmar Port Authority.

He emphasised that this accomplishment served as a testament to their expertise and execution in dredging operations. Winning this international contract, which was more than double the value of the previous order, represented a significant milestone for KMEW, highlighting their successful expansion into global markets.

Their operations in Myanmar, alongside ongoing projects in Bahrain, were stated to solidify their presence and competitiveness on the international stage. Kewalramani reiterated that timely and efficient project execution remained their hallmark, and this win further bolstered their global positioning.

Knowledge Marine & Engg Works was described as being engaged in the business of owning, chartering/hiring, along with manning, operating, and technically maintaining marine crafts, dredging, and repairs/maintenance of marine crafts and marine infrastructure, along with allied works in India.

Knowledge Marine & Engineering Works (KMEW) had advanced by 1.18% to close at Rs 1290, following the company's announcement of receiving a letter of award (LoA) from the Myanmar Port Authority for the maintenance dredging of the Yangon River. It was stated that the contract, valued at $ 4.85 million for a duration of one year, translated to approximately Rs 403.18 million at the prevailing exchange rate of per $ 83.13. The project was to be executed over the span of one year. The issuance of the order came subsequent to the successful completion of a similar dredging project, which had been awarded by the Myanmar Port Authority to KMEW in October 2023. With this recent contract win, marking their third consecutive international order, the company had secured a significant milestone. This followed their initial project with the Government of India and the subsequent dredging of the Yangon River. The contract, valued at $ 4.85 million, surpassed the previous order of $ 2.20 million received in October 2023. The scope of the contract encompassed the maintenance of the Yangon River, an essential element among the nine ports along the Myanmar coast. Sujay Kewalramani, the CEO of Knowledge Marine & Engineering Works, expressed his delight, stating that they were pleased to announce their latest achievement of securing a repeat international contract with the Myanmar Port Authority. He emphasised that this accomplishment served as a testament to their expertise and execution in dredging operations. Winning this international contract, which was more than double the value of the previous order, represented a significant milestone for KMEW, highlighting their successful expansion into global markets. Their operations in Myanmar, alongside ongoing projects in Bahrain, were stated to solidify their presence and competitiveness on the international stage. Kewalramani reiterated that timely and efficient project execution remained their hallmark, and this win further bolstered their global positioning. Knowledge Marine & Engg Works was described as being engaged in the business of owning, chartering/hiring, along with manning, operating, and technically maintaining marine crafts, dredging, and repairs/maintenance of marine crafts and marine infrastructure, along with allied works in India.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..