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Business Standard
26-05-2025
- Business
- Business Standard
Here's why Patel Engineering share price rose 3% in trade today; details
Patel Engineering share price: Construction engineering firm Patel Engineering share price rose up to 3.15 per cent to hit an intraday high of ₹43.18 per share, on Monday, May 26, 2025. However, by 12:40 PM, Patel Engineering shares were off day's high, and were trading 1 per cent higher at ₹42.28 per share. In comparison, BSE Sensex was trading 0.59 per cent higher at 82,199.25 level. What lifted Patel Engineering's share price today? Patel Engineering share price rose after announcing that it, along with its joint venture (JV) partner, has secured a contract worth ₹958.33 crore from the Maharashtra Krishna Valley Development Corporation, Pune. The project involves the construction of a Pipeline Distribution Network for the Nira Deoghar Right Bank Main Canal, covering KM 87 to KM 135, including distributaries and minors between KM 65 and KM 135. PEL was previously declared the L1 (lowest) bidder for the project. Located in Kalaj village, Phaltan Taluka, Satara district in Maharashtra, the project is expected to be completed in 36 months. Patel Engineering holds a 20 per cent stake in the JV executing the work, the company revealed, in a statement. Under the terms of the deal, the JV's work includes excavation and refilling for pipeline trenches, supply and laying of pipes, installation of valves, chambers, outlets, and comprehensive testing. 'We are pleased to have been awarded this project by the Maharashtra Krishna Valley Development Corporation. This project represents a significant step forward in enhancing irrigation infrastructure in the region and will play a crucial role in improving agricultural productivity and water management efficiency. At Patel Engineering Ltd., we view this as more than just a construction project—it is a long-term investment in the prosperity of rural communities and the resilience of our agricultural ecosystem,' said Kavita Shirvaikar, managing director, Patel Engineering. Last week, Patel Engineering announced that North Eastern Electric Power Corporation (NEEPCO) has awarded a contract valued at ₹711.29 crore to the company for the construction of the 240 MW HEO Hydropower Project located in Arunachal Pradesh under EPC Mode. About Patel Engineering The company has built a solid reputation for successfully executing projects both in India and abroad. Over the years, PEL has completed more than 85 dams, 40 hydroelectric projects, and over 300 kilometers of tunnelling, primarily for central public sector undertakings and various state government agencies.
Business Standard
23-05-2025
- Business
- Business Standard
Patel Engg bags Rs 958-cr pipeline project in Maharashtra
Patel Engineering (PEL), along with its joint venture (JV) partner, has secured a contract worth Rs 958.33 crore from the Maharashtra Krishna Valley Development Corporation (MKVDC), Pune. The project involves the construction of a pipe distribution network for the Nira Deoghar Right Bank Main Canal, from kilometer 87 to 135, including distributaries and minor canals between kilometers 65 and 135. The scope of work includes excavation and refilling of pipe trenches, construction of structures, supply, jointing, lowering, and laying of pipes, installation of various valves, chambers, and outlets. It also includes testing of the pipeline system along with a five-year Operations, Repairs, and Maintenance (O&M) period post-completion. The company was previously declared the L1 (lowest bidder) for this infrastructure project, which is scheduled for completion within 36 months. The work will be carried out in Village Kalaj, Taluka Phaltan, District Satara, Maharashtra. The project will be executed through a joint venture, in which Patel Engineering holds a 20% stake. Kavita Shirvaikar, managing director, Patel Engineering said, We are pleased to have been awarded this project by the Maharashtra Krishna Valley Development Corporation. This project represents a significant step forward in enhancing irrigation infrastructure in the region and will play a crucial role in improving agricultural productivity and water management efficiency. At Patel Engineering, we view this as more than just a construction projectit is a long-term investment in the prosperity of rural communities and the resilience of our agricultural ecosystem. Patel Engineering is a 76-year-old company, established in 1949, that has evolved into a leading construction firm specializing in the hydropower and irrigation sectors. The company is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other types of heavy civil engineering works. It has executed a wide range of infrastructure projects in technology-intensive areas such as hydropower, irrigation and water supply, urban infrastructure, and transportationparticularly in tunnels and underground works for hydroelectric and transportation projectsprimarily serving as a civil contractor. The counter shed 0.48% to Rs 41.73 on the BSE.
Business Standard
21-05-2025
- Business
- Business Standard
Patel Engineering bags hydro power project from NEEPCO worth Rs 711 crore
Patel Engineering (PEL) said that it has been awarded a contract for undertaking the construction of hydropower project valued at Rs 711.29 crore by North Eastern Electric Power Corporation (NEEPCO). As per the terms of the contract, the company would construct a 240 MW HEO hydropower project located in Arunachal Pradesh under EPC Mode. The scope of work includes construction of civil and associated infrastructure works, testing & commissioning of hydro-mechanical plant & machinery leading to successful operation and performance of all the generating units of the hydro electric project. PEL had earlier been declared L1 (lowest bidder) for this project. The said project is located in the Shi Yomi district of Arunachal Pradesh and is scheduled to be completed within 44 months. Kavita Shirvaikar, managing director, Patel Engineering, said: "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 Indias 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 Indias renewable energy landscape." Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works.
Time of India
21-05-2025
- Business
- Time of India
Patel Engineering awarded ₹711 cr hydro project in Arunachal by NEEPCO
New Delhi: Patel Engineering Ltd (PEL) has received a Letter of Acceptance (LoA) from North Eastern Electric Power Corporation Ltd ( NEEPCO ) for the construction of the 240 MW HEO hydroelectric project in Arunachal Pradesh at a contract value of ₹711.29 crore. The project, located in Shi Yomi district of Arunachal Pradesh, will be executed under the Engineering, Procurement and Construction (EPC) mode with a completion timeline of 44 months. PEL was previously declared as the L1 (lowest) bidder for the project. The contract scope includes execution of civil and associated infrastructure works, supply, installation, testing and commissioning of hydro-mechanical plant and machinery, and ensuring successful operation and performance of all generating units of the HEO hydroelectric project. '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,' said Kavita Shirvaikar, Managing Director, Patel Engineering Ltd. Established in 1949, Patel Engineering Ltd operates in hydropower, tunnelling and irrigation segments and has executed more than 85 dams, 40 hydroelectric projects, and over 300 km of tunnelling in India and abroad.
Business Upturn
21-05-2025
- Business
- Business Upturn
Patel Engineering bags Rs 711.29 crore hydropower project from NEEPCO
Patel Engineering Limited (PEL) has received a contract worth Rs. 711.29 crore from the North Eastern Electric Power Corporation Limited (NEEPCO) for the construction of the 240 MW HEO Hydropower Project in Arunachal Pradesh. The project will be executed under the Engineering, Procurement, and Construction (EPC) mode. 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
