BREAKING NEWS: Knowledge Marine acquires River Pearl 48 TSHD

Knowledge Marine & Engineering Works Limited (KMEW) has completed the acquisition of the trailing suction hopper dredger (TSHD) River Pearl 48.

According to KMEW, the transaction - valued at approximately Rs 250 crore (over $26 million) - is set to expand KMEW’s fleet and enhance its execution capacities for large-scale maintenance dredging projects.

This modern vessel, built in 2021, boasts substantial capabilities, with a maximum dredging depth of 36 meters and an annual dredging capacity of 8 to 10 million cubic meters.

Commenting the latest news, Mr. Sujay Kewalramani, CEO of KMEW, said: "Completing the acquisition of River Pearl 48 is a major milestone in KMEW’s growth journey. Its capabilities create a platform for KMEW to explore opportunities in the defense dredging market."

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