Latest news with #NorthEasternElectricPowerCorporationLimited
Business Upturn
05-05-2025
- Business
- Business Upturn
IRCON shares surge 3% after company bags Rs 458.14 crore order from North Eastern Electric Power Corporation
By Aman Shukla Published on May 5, 2025, 09:36 IST IRCON International Limited's shares saw a 3% jump in morning trading following the company's receipt of a letter of acceptance (LOA) from North Eastern Electric Power Corporation Limited (NEEPCO). This contract, valued at ₹458.14 crore, pertains to civil works for the Tato-I Hydro Electric project in Arunachal Pradesh. The contract, awarded under package I, encompasses a broad range of civil engineering tasks. These include the construction of headworks, head race channel, intake systems, tunnels, surge shaft, pressure shaft, and powerhouse, along with other critical infrastructure elements. The project will be executed on an item rate basis and is expected to span a period of 45 months. This deal bolsters IRCON's position in the hydroelectric sector, further solidifying its reputation for handling large-scale infrastructure projects. Given the significance of the Tato-I Hydro Electric project for the region's power generation capabilities, the contract is expected to contribute substantially to IRCON's financial performance in the coming years. IRCON International Ltd. opened at ₹160.99, with the day's highest and lowest values at ₹160.99 and ₹157.00, respectively. The stock has a 52-week high of ₹351.60 and a low of ₹134.24. 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. 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
Business Upturn
25-04-2025
- Business
- Business Upturn
Patel Engineering stock in focus after emerging as L1 bidder for two major projects worth over ₹2,036 crore
Patel Engineering Ltd shares are likely to be in focus after the company announced it has emerged as the lowest bidder (L1) for two major infrastructure projects worth a combined value of ₹2,036.89 crore, one in the hydropower segment and the other in urban infrastructure. In a regulatory filing on April 25, 2025, the Mumbai-based infrastructure player informed exchanges that it has secured the L1 status for a ₹718 crore contract from the North Eastern Electric Power Corporation Limited (NEEPCO). The contract pertains to the 240 MW HEO Hydro Electric Project in Shi Yomi district of Arunachal Pradesh, which aims to generate 1,000 million units of power annually. The project includes civil works and commissioning of hydro-mechanical plant and machinery and is expected to be completed within 44 months. On the same day, Patel Engineering also reported that it has been declared L1 for a ₹1,318.89 crore urban infrastructure project by the City & Industrial Development Corporation of Maharashtra Ltd (CIDCO). This project involves the construction of the Kondhane Dam and allied works in Karjat, Raigad district, using Roller Compacted Concrete Technology. The dam will have a length of 1,209 meters and a height of 83 meters, and the contract includes hydro-mechanical and electrical works, including installation of three radial gates and gate control systems. The project is slated for completion in 42 months. These twin orders highlight Patel Engineering's growing presence in both hydropower and urban infrastructure segments. The company, which has been operating since 1949, has a longstanding track record of executing complex infrastructure projects, including over 85 dams, 40 hydroelectric plants, and more than 300 km of tunnelling. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions. News desk at
