Latest news with #PatelEngineering
The Print
4 days ago
- Business
- The Print
Patel Engineering secures Rs 240-cr order from NHPC for Teesta-V project
The project is located in the South District of Sikkim and is scheduled to be completed within 18 months. 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. New Delhi, Jul 21 (PTI) Patel Engineering on Monday said it has bagged an order worth Rs 240 crore from state-owned NHPC for civil and hydro mechanical works at Teesta-V project in Sikkim. '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 This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
4 days ago
- Business
- Time of India
Patel Engineering wins ₹240 crore NHPC order for Teesta-V hydro project in Sikkim
Synopsis Patel Engineering has secured a Rs 240 crore order from NHPC for civil and hydro mechanical works at the Teesta-V project in Sikkim. The project involves modifying a diversion tunnel into a tunnel spillway arrangement. Scheduled for completion within 18 months, this strategically important hydropower project will leverage Patel Engineering's expertise in the North Eastern region.
News18
4 days ago
- Business
- News18
Patel Engineering secures Rs 240-cr order from NHPC for Teesta-V project
New Delhi, Jul 21 (PTI) Patel Engineering on Monday said it has bagged an order worth Rs 240 crore from state-owned NHPC for civil and hydro mechanical works at Teesta-V project in Sikkim. 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.
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Business Standard
4 days ago
- Business
- Business Standard
₹240-crore NHPC deal powers Patel Engineering share price 2% higher today
Patel Engineering share price: Patel Engineering shares were in demand on the first trading day of the week, i.e. Monday, July 21, 2025, with the scrip rising up to 2.20 per cent to an intraday high of ₹40.35 per share. At 11:30 AM, Patel Engineering share price was trading 1.62 per cent higher at ₹40.12. In comparison, BSE Sensex was trading 0.44 per cent higher at 82,120.46 levels. Why did Patel Engineering share price rise today? Patel Engineering's share price rose after the company announced it had secured a contract from NHPC worth ₹239.98 crore (including taxes). 'Further to the intimation of Lowest Bidder (L1) received for the works involving modification of diversion tunnel into tunnel spillway arrangement – Civil & Hydro Mechanical works for Package 6 – Teesta V Power Station, Sikkim, the company has now received LOA for the said project and the same is in normal course of business,' Patel Engineering said, in an exchange filing. The order pertains to civil and hydro-mechanical works for converting the diversion tunnel into a tunnel spillway arrangement under Package 6 of the Teesta-V Power Station project in Sikkim. The project, located in Sikkim's South District, is slated for completion within 18 months. It includes construction of key infrastructure such as the tunnel spillway, gate operation chamber and shaft, precast bridge, access roads, energy dissipation structures, a dyke, and an environmental flow tunnel. Kavita Shirvaikar, managing director of Patel Engineering, said, "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." The order also strengthens Patel Engineering's regional presence, as it is already executing Lot-2 of NHPC's Teesta-VI hydropower project near Singtam, around 30 km from the new site – reinforcing its operational synergies and execution capabilities in the region. In May, Patel Engineering, in collaboration with its joint venture (JV) partner, 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 from KM 87 to KM 135, including its distributaries and minors between KM 65 and KM 135. About Patel Engineering Patel Engineering, established in 1949, is a 76-year-old company with a strong track record in the hydropower, tunneling, and irrigation sectors. Known for its expertise and reliability, the company has successfully executed numerous projects both in India and abroad. The company has completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometres of tunneling, primarily for central public sector undertakings (PSUs) and state government agencies.
Business Standard
4 days ago
- Business
- Business Standard
Patel Engg secures Rs 240-cr order from NHPC for Teesta-V Project
Patel Engineering announced that it has secured an order worth Rs 239.98 crore from NHPC for civil and hydromechanical works at the Teesta-V power station in Sikkim. The project involves converting the existing diversion tunnel into a tunnel spillway arrangement under Package 6. Located in the South District of Sikkim, the project is scheduled for completion within 18 months. The scope of work includes the construction of a tunnel spillway, gate operation chamber and shaft, precast bridge, access road, energy dissipation structures, dyke, environmental flow tunnel, and associated infrastructure. Kavita Shirvaikar, Managing Director, said, We are honored to receive the LOA from NHPC for this strategically important hydropower project. Our deep experience in the Northeastern region positions us strongly to execute this project with precision and efficiency. This win is another step toward our vision of contributing meaningfully to Indias clean energy future." 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. NHPC, a Mini Ratna category I public sector utility, is the Government of Indias flagship hydroelectric generation company. The company is primarily involved in the generation and sale of bulk power to various power utilities. Its other business includes providing project management/construction contracts/consultancy assignment services and trading of power. Shares of Patel Engineering rose 0.89% to Rs 39.81, while those of NHPC rose 0.01% to Rs 86.90 on the BSE.
