Patel Engineering bags Rs 711.29 crore hydropower project from NEEPCO
The HEO Hydropower Project is located in the Shi Yomi district of Arunachal Pradesh. Patel Engineering was selected as the lowest bidder (L1) for this contract. The project is expected to be completed within 44 months.
The scope of work includes the construction of civil structures and related infrastructure, as well as the testing and commissioning of hydro-mechanical plant and machinery. The objective is to ensure the successful operation of all generating units of the 240 MW HEO Hydroelectric Project.
Kavita Shirvaikar, Managing Director, Patel Engineering Limited stated, 'We are proud to have been awarded the HEO Hydropower project from NEEPCO. This order further cements our position as a trusted partner for building critical infrastructure for India's power sector and strengthens our position in the North-East. Arunachal Pradesh with its vast and largely untapped hydropower potential, is emerging as a key region in India's renewable energy landscape. As we embark on the execution of the HEO hydropower project, we bring with us decades of experience, a proven track record in complex hydropower works, and a deep sense of responsibility towards environmental stewardship and community engagement.'
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
3 hours ago
- Business Upturn
ITDC Q1 Results: Revenue rises 7.77% YoY to Rs 87.74 crore, Net profit slips 16.82% YoY
India Tourism Development Corporation (ITDC) reported consolidated revenue from operations of Rs 87.74 crore for the quarter ended June 30, 2025, marking a 7.77% year-on-year increase from Rs 81.43 crore in the same period last year. Sequentially, revenue fell sharply from Rs 199.94 crore in Q4 FY25. Total income stood at Rs 93.39 crore in Q1 FY26, up from Rs 84.98 crore a year ago but down from Rs 204.50 crore in the previous quarter. Net profit for the quarter came in at Rs 9.75 crore, down 16.82% from Rs 11.72 crore in Q1 FY25 and significantly lower than Rs 24.53 crore in Q4 FY25. Profit before tax stood at Rs 12.51 crore, rising 29.8% YoY but falling from Rs 34.49 crore in the previous quarter. Expenses for the quarter increased marginally to Rs 80.88 crore from Rs 75.35 crore last year, with higher finance costs and depreciation partially offset by a decline in employee benefit expenses. The company continues to operate without any discontinued operations and remains focused on leveraging its hospitality and tourism assets across India to drive growth in the coming quarters. 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
5 hours ago
- Business Upturn
Transrail Lighting secures fresh orders worth Rs 701 crore, FY26 order inflow crosses Rs 2,300 crore
By Aditya Bhagchandani Published on August 12, 2025, 16:34 IST Transrail Lighting Limited has announced that it has secured new orders totalling Rs 701 crore from both Indian and overseas clients. With these contracts, the company's total order intake for FY26 has now crossed Rs 2,300 crore. According to the company, the fresh orders include power transmission and distribution (T&D) projects in international markets, alongside domestic orders in the civil construction and pole & lighting verticals. Randeep Narang, MD & CEO of Transrail Lighting, said the new orders highlight the company's competitive strength and execution capabilities. 'These orders include T&D orders in the international market as well as domestic orders in civil and pole & lighting verticals. Our execution excellence, customer-centric approach, and strong financials are driving traction across our businesses and we remain committed to delivering high-quality projects on time,' Narang added. Headquartered in India, Transrail Lighting is a turnkey EPC solutions provider with over four decades of experience and operations across 59 countries in five continents. The company operates in sectors such as power T&D, civil construction, railways, pole & lighting, and solar EPC, supported by large-scale manufacturing facilities and a tower testing facility in India. 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
5 hours ago
- Business Upturn
Minda Corporation Q1 Results: Net profit rises 1.7% YoY to Rs 65 crore, Revenue up 16.2%
Minda Corporation Limited reported a consolidated net profit of Rs 65 crore for the quarter ended June 30, 2025, a 1.7% increase from Rs 64 crore in the same period last year. Revenue from operations rose 16.2% YoY to Rs 1,386 crore, surpassing consensus estimates, supported by a strong product portfolio, customer base expansion, and product premiumisation. EBITDA stood at Rs 156 crore, up 18.6% YoY, with a margin of 11.3%, marking a 23 basis points improvement. Profit before tax came in at Rs 71 crore, down 16.2% YoY. During the quarter, the company entered a joint venture with Toyodenso to manufacture advanced automotive switches in India and collaborated with Qualcomm to co-develop smart cockpit solutions powered by the Snapdragon® Cockpit Platform. Chairman and Group CEO Ashok Minda said the company remained focused on operational excellence, technology integration, and customer-centric initiatives to strengthen its market position. The Noida-based company aims to broaden its product portfolio through sustained R&D investments and strengthen partnerships to address evolving customer needs. 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.
