Announced Mon, 15 Jun · 15:33 IST
Patel Engineering gets ₹126.37 Cr LOA for Maharashtra irrigation project
PATELENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 received a Letter of Acceptance (LOA) for ₹126.37 crore from Maharashtra Krishna Valley Development Corporation for the Tasgaon Lift Irrigation Scheme in Maharashtra. PEL holds a 51% share (₹64.45 crore) in this joint venture. The project covers 2,277 hectares across six villages in Satara district, involving headworks, pump houses, rising mains, and pipeline networks. Completion is scheduled in 48 months. The company had earlier been declared L1 bidder in February 2026.
Likely market impact
New government order strengthens order book; formalizes prior L1 status. Positive for execution pipeline.