Dredging Corp Share Price Jumps 10%, Knowledge Marine Hits 52-Week High on New ₹384 Crore Port Order

Dredging Corporation of India (DCIL) share price and Knowledge Marine & Engineering Works (KMEW) share price surged up to 10% on Thursday, outperforming the broader market. The rally came amid strong trading volumes and new order wins in the maritime sector.

DCIL Hits Upper Circuit

DCIL shares hit the 10% upper circuit at ₹879.80, supported by a fourfold rise in trading volumes. More than 0.82 million shares were traded, with heavy buying interest still pending on both NSE and BSE.

Knowledge Marine Hits 52-Week High

KMEW rose 9% in intraday trade, touching a new 52-week high of ₹3,069. The stock has gained 17% in the last week, far ahead of the Sensex’s 1.4% rise.

Why Investors Are Bullish Today?

KMEW Wins ₹384 Crore Visakhapatnam Port Contract

KMEW announced that it received a Letter of Award worth ₹384.33 crore from the Visakhapatnam Port Authority. The 15-year contract is for manning, operating, and maintaining a green-technology tug under the Green Tug Transition Programme (GTTP).

This is the second government order under GTTP and further strengthens KMEW’s leadership in India’s maritime decarbonisation efforts.

Green Tug Transition Programme (GTTP)

India’s GTTP aims to replace diesel-powered tugs with zero-emission green tugs.

• Phase 1: Oct 2024 to Dec 2027
• Major ports will deploy electric or alternative-fuel tugs
• National investment: ₹10,000 crore

This move supports India’s climate goals and boosts demand for modern marine vessels.

DCIL’s Strategic Position

DCIL operates under 4 major port authorities, Visakhapatnam, Paradip, JNPA and Deendayal under the Ministry of Ports, Shipping & Waterways. The company benefits directly from increased dredging requirements at Indian ports.

Strong Policy Support Ahead

The Indian dredging sector is set to benefit from:

• Economic growth
• Higher port activity
• Government spending on port modernisation
• ₹25,000 crore allocated for the Maritime Development Fund in Union Budget 2025–26
• Maritime India Vision 2030, which plans to deepen ports, boost capacity, and develop transhipment hubs

These long-term initiatives will expand opportunities for DCIL and KMEW.

Read More: Dividend Stocks: Man Infracon, IRB Infra, and More Trading Record Date Today, November 17, 2025.

Conclusion

The sharp rise in DCIL and KMEW shares reflects growing investor confidence in India’s maritime and dredging industries. With a large green-tug contract, strong policy support, and heavy investments planned for port development, both companies are well-positioned for future growth.

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