Announced Mon, 15 Jun · 15:29 IST
Patel Engineering gets ₹126.37 cr LOA for Maharashtra irrigation project
PATELENG · price
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Price reaction · full curve 14 horizons · vs prior close
+10.5%1-day move
₹27.74
prior close
₹28.74
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-1.0-0.6-1.2+10.5+8.5+11.9+16.0+16.1+22.2+14.1+9.0——
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AI summary
Patel Engineering, in a JV, received a Letter of Acceptance from Maharashtra Krishna Valley Development Corporation for the Tasgaon Lift Irrigation Scheme. Total contract value: ₹126.37 crore; PEL's share is ₹64.45 crore (51%). Scope includes headworks, pump houses, rising mains, and pipe distribution across 2,277 hectares in six villages in Satara district, Maharashtra. Completion in 48 months. PEL was declared L1 in February 2026.
Likely market impact
Adds to order book and provides revenue visibility; government irrigation project supports steady execution, though order size is modest vs overall revenue.