Patel Engineering secures Rs 240-cr order from NHPC for Teesta-V project
The order involves modification of diversion tunnel into a tunnel spillway arrangement – civil and hydro mechanical works for package 6 Teesta-V power station, Patel Engineering said in a statement.
The project is located in the South District of Sikkim and is scheduled to be completed within 18 months.
'We have received the letter of award 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," its Managing Director Kavita Shirvaikar said.
NHPC's Teesta Stage-VI HEP (Hydroelectric Project) is a run-of-river (RoR) scheme located in Sirwani village, Sikkim, to harness the power potential of the Teesta River Basin in a cascade manner.
Mumbai-based Patel Engineering Ltd has a significant presence in the hydropower, tunnelling, and irrigation sectors. PTI ABI ABI SHW
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
13 minutes ago
- Economic Times
IndusInd Bank shares in focus after board approves Rs 30,000-crore fundraising plan
IndusInd Bank shares will be in focus on Thursday after the bank's board of directors approved a fundraising plan of up to Rs 30,000 crore on Wednesday. ADVERTISEMENT According to an exchange filing, the bank will raise Rs 20,000 crore via debt securities, either in Indian currency or in permitted foreign currencies through private placement. Additionally, it will raise Rs 10,000 crore through equity instruments such as Qualified Institutional Placement (QIP), American Depository Receipts (ADR), or Global Depository Receipts (GDR). The fundraising comes in the backdrop of a $230 million hit to the bank's net worth in the fiscal year ended March 31, due to misaccounting of internal derivative trades over several years. This issue led to the resignations of CEO Sumant Kathpalia and Deputy CEO Arun Khurana in April. The UK-based Hinduja family, which holds a 15.82% stake in the bank and is classified as a promoter group, has now been allowed to nominate up to two directors on the board, following approval from the Reserve Bank of India. Promoters previously had no board representation. IndusInd Bank is currently being run by an executive committee. As per a Reuters report, the bank has shortlisted Rajiv Anand, Rahul Shukla, and Anup Saha as potential candidates for the CEO position. Notably, Saha resigned as Managing Director of Bajaj Finance earlier this week. IndusInd Bank is scheduled to announce its Q1 results on July 28. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
15 minutes ago
- Hans India
Karnataka tops per capita income in India
Bengaluru: Chief Minister Siddaramaiah on Wednesday announced that Karnataka has achieved the highest per capita income in India, citing the Union Finance Ministry data and attributed this accomplishment to the positive impact of his government's guarantee schemes. He reaffirmed his commitment to building a Karnataka, where growth is inclusive and people-centric. "According to Union Finance Ministry data, Karnataka's per capita NSDP (Net State Domestic Product) stands at Rs 2,04,605 — the highest in the country," Siddaramaiah said. "This achievement reflects not only Karnataka's economic strength but also the impact of our Guarantee Schemes, which have boosted incomes, increased purchasing power, and driven inclusive growth across the state," he said in a post on 'X', with " #GuaranteeSarkara #KarnatakaModel". Noting that Karnataka's per capita income was Rs 1,05,697 in 2014-15, the CM said it has now increased by 93.6 per cent in 10 years. "The credit for this achievement goes to the guarantee schemes implemented by our government. By directly providing Rs 4-5 thousand per month, Rs 60-70 thousand per year to every family in the state, we are making every family financially self-reliant," he said.
Mint
15 minutes ago
- Mint
Hero MotoCorp, Crompton Consumer to Radico: 8 Key stocks to trade Ex-date for dividend of up to ₹65 on 24 July 2025
Dividend Stocks: Hero MotoCorp, Crompton Consumer , Radico Khaitan, Cholamandalam Investment and Finance Company, TCPL Packaging, Bliss GVS Pharma Ltd., 20 Microns Ltd., and IVP are among 8 Key stocks to trade Ex-date for dividend of up to ₹ 65 on 24 July 2025 These companies, along with many others, had decided that July 24, 2025, would be the record date for completing the list of eligible shareholders for dividends. To be added to the list of eligible shareholders to receive dividends under the T+1 settlement method, investors had to buy the shares of these companies at least one day before the recording. CROMPTON—The recommended dividend for the fiscal year ending March 31, 2025, by Crompton Greaves Consumer Electricals Ltd is Rs. 3/- (Rupees Three Only) per equity share of Rs. 2/- (Rupees Two Only) (completely paid-up). This dividend is subject to shareholder approval at the next meeting. RADICO—Radico Khaitan Ltd had recommended a final dividend of Rs. 4.00 per share 20 MICRONS—20 Microns Ltd had recommended a final dividend of ₹ 1.25 per share BLISSGVS—A final dividend of Rs. 5 per share had been recommended by Bliss GVS Pharma Ltd. CHOLAFIN—A Final Dividend of ₹ 0.70 per share had been recommended by Cholamandalam Investment and Finance Company Ltd HEROMOTOCO—The board of the two-wheeler firm suggested a final dividend of ₹ 65 per share (face value: ₹ 2) during its May 13, 2025, meeting. The record date is July 24, and the dividend will be approved at the company's 42nd Annual General Meeting. IVP Ltd for a final Dividend of ₹ 1.00 per share TCPLPACK Dividend of ₹ - 30.0000 FIEMIND for Final Dividend - of Rs. - 30.00 HATSUN for Interim Dividend of ₹ 6.00 per share PAUSHAK LTD for the final dividend of ₹ 20.00 er share PRIVISCL Final Dividend - Rs. - 5.00 Sanco Trans Ltd for a Dividend—Rs. - 2.70 Birlanu Ltd for final dividend—Rs. - 30.00 Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
