en.Wedoany.com Reported - Belgian marine engineering and dredging company DEME Group NV (Euronext: DEME) was awarded a contract by India's Navayuga Engineering Company Limited (NECL) in mid-June 2026 to carry out deepening dredging works at the Ramayapatnam Deepwater Port in Andhra Pradesh, India, with a contract value of up to €50 million (approximately $58 million). Under the contract, DEME will perform deepening dredging of the entire port basin, including the turning circle and four berth pockets.
Founded in 1876 and headquartered in Zwijndrecht, Belgium, DEME Group celebrates its 150th anniversary in 2026. DEME is a global leader in dredging, offshore energy, and marine infrastructure engineering and construction, operating in over 90 countries with approximately 6,000 employees and a fleet of more than 100 specialized vessels. In 2025, DEME achieved a turnover of €4.2 billion and EBITDA of €931 million. The company was formerly known as Dredging Environmental and Marine Engineering NV and is now a subsidiary of Ackermans & van Haaren NV.
Located in the Nellore district of Andhra Pradesh on India's east coast, along the Bay of Bengal, Ramayapatnam Port is a deepwater greenfield port under development. Designed with a draft depth of approximately 15.5 meters, the port can accommodate large cargo vessels such as Panamax-class ships, aiming to improve logistics efficiency in the surrounding hinterland. The port's engineering, procurement, and construction (EPC) contract was awarded to NECL at a value of INR 26,346.5 million. According to Indian government information, as of June 2025, the port's construction progress stood at 67.11%, with commercial operations originally planned to commence on April 24, 2026.
Founded in 1986, NECL is a subsidiary of the Navayuga Group, headquartered in Hyderabad. It is a multidisciplinary engineering and construction company specializing in piling works, diaphragm walls, and the construction of marine structures such as docks and berths. The company is one of the few construction firms in India with specialized equipment and technology for bored cast-in-situ piles up to 3,000 mm in diameter and 75 meters in depth.
According to DEME, the dredging operations will utilize a cutter suction dredger, with dredged material pumped ashore for land reclamation to support the construction of the port platform and related infrastructure. This contract further expands DEME's portfolio of dredging and marine infrastructure projects in the Indian market, following previous dredging and reclamation works at ports such as Goa, Kakinada, Mumbai, and Paradip.
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