logo
Patel Engineering bags hydropower project worth Rs 239.98 crore from NHPC

Patel Engineering bags hydropower project worth Rs 239.98 crore from NHPC

Business Upturn18-07-2025
Patel Engineering Limited (PEL) has been awarded a contract worth Rs 239.98 crore (inclusive of taxes) by NHPC Ltd. for critical infrastructure work at the Teesta-V Power Station in Sikkim. The project involves converting the diversion tunnel into a tunnel spillway under Package 6 and includes civil and hydro-mechanical works.
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
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Som Distilleries launches Mahavat whiskey in Delhi
Som Distilleries launches Mahavat whiskey in Delhi

Business Upturn

timean hour ago

  • Business Upturn

Som Distilleries launches Mahavat whiskey in Delhi

By Aman Shukla Published on July 28, 2025, 12:51 IST Som Distilleries and Breweries has recently announced the expansion of its premium whiskey brand, Mahavat , into the vibrant and competitive Delhi market. Following its successful debut in Madhya Pradesh, Mahavat has officially secured all regulatory approvals and supply licenses to begin operations in the National Capital Region. The move marks a significant step forward in Som Distilleries' strategy to strengthen its presence across India. With its entry into Delhi, Mahavat is now set to captivate a wider audience of whiskey lovers in one of India's most dynamic and discerning markets. Over the coming weeks, Mahavat will be available at select bars, lounges, and liquor stores across Delhi. Known for its refined taste, bold character, and authentic Indian craftsmanship, the whiskey offers a premium choice for connoisseurs seeking a unique and elevated drinking experience. Delhi is more than just a new market—it is a gateway to greater brand visibility, consumer engagement, and sustained growth. As Som Distilleries continues to build Mahavat's reach across the country, this launch signifies both momentum and ambition in India's premium spirits industry. 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

Arvind SmartSpaces shares surge over 4% as Q1 revenue jumps 36% YoY to Rs 102 crore
Arvind SmartSpaces shares surge over 4% as Q1 revenue jumps 36% YoY to Rs 102 crore

Business Upturn

timean hour ago

  • Business Upturn

Arvind SmartSpaces shares surge over 4% as Q1 revenue jumps 36% YoY to Rs 102 crore

By Aman Shukla Published on July 28, 2025, 12:55 IST Shares of Arvind SmartSpaces Ltd witnessed a sharp uptick of over 4% in Monday's trade after the company posted robust Q1 FY26 results, signaling strong operational momentum. The stock opened at ₹620.00 and climbed to an intraday high of ₹663.90, compared to the previous close of ₹624.95. As of 12:53 PM, the shares were trading 3.21% higher at Rs 645.00. The company reported a consolidated net profit of ₹11 crore for the quarter ended June 2025, a significant jump from ₹3 crore in the same period last year. Revenue from operations stood at ₹102 crore, marking a 36% year-on-year rise from ₹75 crore. EBITDA also showed healthy growth, rising to ₹21.6 crore from ₹9.5 crore last year. Margins expanded notably to 21.2% versus 12.7% YoY, reflecting operational efficiency and improved project mix. 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 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

Petronet LNG shares in focus as company sees no geopolitical cost risks, expects demand recovery
Petronet LNG shares in focus as company sees no geopolitical cost risks, expects demand recovery

Business Upturn

time2 hours ago

  • Business Upturn

Petronet LNG shares in focus as company sees no geopolitical cost risks, expects demand recovery

Petronet LNG shares drew investor attention following management's recent commentary during its concall. The company addressed key operational updates and provided a near-term outlook on demand and pricing. Management clarified that they do not anticipate any major geopolitical risks impacting long-term LNG procurement costs. This comment comes amid continued global volatility in energy markets, where geopolitical tensions often influence price fluctuations. The company also expressed optimism about a pickup in demand, stating that it expects LNG consumption to recover further in the upcoming quarter. This expected recovery is seen as a continuation of recent trends, with the company reporting a 10% quarter-on-quarter increase in throughput at its Dahej LNG terminal during the April to June period. Petronet LNG shares moved between ₹296.30 and ₹307.55 so far today, after opening at ₹297.60. The previous close was ₹301.75. The stock is currently trading within a steady range and remains above its 52-week low of ₹269.60, while staying below the 52-week high of ₹384.20. 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 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store