Patel Engineering bags hydropower project worth Rs 239.98 crore from NHPC
Located in the South District of Sikkim, the project has a scheduled completion timeline of 18 months. The scope of work includes the construction of the tunnel spillway, gate operation chamber and shaft, precast bridge, access road, dyke, energy dissipation structures, and an environmental flow tunnel.
Kavita Shirvaikar, Managing Director, stated, 'We are honoured to receive the LOA from NHPC for this strategically important hydro power project. Our deep experience in the North Eastern region positions us strongly to execute this project with precision and efficiency. This win is another step toward our vision of contributing meaningfully to India's clean energy future.'
PEL is already executing NHPC's Teesta-VI HEP (Lot-2) project near Singtam, around 30 km from this new site, reinforcing its foothold in the region and underscoring its expertise in delivering complex hydro infrastructure.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
a minute ago
- Business Upturn
Sharda Cropchem Q1 results: Revenue up 26% YoY to Rs 958 crore, net profit jumps over 424%
Sharda Cropchem reported its Q1 Results, showcasing a sharp turnaround in profitability and healthy growth in revenue. The company posted a net profit of Rs 143 crore for the quarter ended June 30, 2025, a significant jump from Rs 27 crore in the same period last year. Revenue from operations rose 26% year-on-year to Rs 958 crore, compared to Rs 785 crore in Q1 FY25. The strong performance was driven by improved operational efficiencies and favorable foreign exchange movements. The company recorded a forex gain of Rs 73 crore in Q1 FY26, as against a loss of Rs 8 crore in the previous year. EBITDA for the quarter stood at Rs 216 crore, rising sharply from Rs 77 crore YoY, while EBITDA margin improved to 21.9% from 9.8% last year. This substantial margin expansion highlights Sharda Cropchem's operational leverage and prudent cost management amid rising input costs. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
3 hours ago
- Business Upturn
Avantel shares fall over 4% after Q1 profit drops 56% YoY
By Aditya Bhagchandani Published on July 25, 2025, 10:26 IST Shares of Avantel Ltd fell 4.5% to Rs 140.70 apiece in Wednesday's trade following the company's weak Q1 FY26 earnings. The stock opened lower and remained under pressure, leading to a market capitalization erosion of nearly Rs 174 crore, bringing the company's market value to around Rs 3,726 crore. Avantel reported a 56% year-on-year decline in net profit, posting Rs 3.23 crore for the quarter ended June 30, 2025, compared to Rs 7.39 crore in Q1 FY25. Revenue from operations was largely flat at Rs 51.91 crore versus Rs 51.76 crore a year ago. Including other income, total income came in at Rs 51.96 crore for the quarter, compared to Rs 52.06 crore in Q1 FY25. Total expenses increased to Rs 46.66 crore from Rs 41.10 crore YoY. The rise was mainly driven by a spike in changes in inventories (Rs 12.38 crore vs Rs 1.66 crore) and higher depreciation and amortization costs (Rs 4.40 crore vs Rs 2.86 crore). Cost of materials consumed dropped to Rs 8.28 crore from Rs 17.17 crore. Profit before tax dropped sharply to Rs 5.30 crore from Rs 10.96 crore YoY. Tax expenses also fell to Rs 2.08 crore from Rs 3.58 crore. As of 10:23 AM, Avantel shares were trading at Rs 140.70, down 4.50% from the previous close of Rs 147.33. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
3 hours ago
- Business Upturn
Avantel Q1 Results: Revenue flat at Rs 51.91 crore, Net Profit down 56% YoY
Avantel Limited reported a 56% year-on-year decline in net profit for the quarter ended June 30, 2025. The company posted a net profit of Rs 3.22 crore, down from Rs 7.38 crore in the same quarter last year (Q1 FY25). Total revenue from operations stood at Rs 51.91 crore, marginally up from Rs 51.76 crore a year ago. Including other income, total income was Rs 51.95 crore in Q1 FY26 compared to Rs 52 crore in Q1 FY25. Expenses increased to Rs 46.65 crore from Rs 41.10 crore in the previous year's corresponding quarter. The jump was largely due to a sharp increase in changes in inventories (Rs 123.84 crore vs Rs 16.6 crore YoY) and depreciation & amortization expenses, while cost of materials consumed fell to Rs 8.28 crore from Rs 1.71 crore. Profit before tax declined to Rs 5.30 crore, down from Rs 1 crore in Q1 FY25. Tax expenses also decreased to Rs 2 crore from Rs 3.58 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
