Patel Engineering Limited has informed the Exchange regarding 'Press Release - Patel Engineering has received theLetter of Award (LOA) from Dorjilung Hydro Power Limited for the BTN/INR 230.70 Crore preconstructionworks of 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan'.
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Patel Engineering Limited has received a Letter of Award from Dorjilung Hydro Power Limited (a joint venture between Bhutan's Druk Green Power Corporation and India's Tata Power Company) for pre-construction works of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan. The contract is valued at ₹230.70 crore (excluding taxes) and covers civil and hydromechanical works including two large diversion tunnels, an intermediate adit, a highway road tunnel, and four vertical lift fixed wheel gates. The construction period is 300 days with a one-year defects notification period. This is Bhutan's largest hydropower project under the Public-Private Partnership model, and the work will be executed about 7 km from Autsho town in Mongar Dzongkhag, Bhutan.
The order strengthens Patel Engineering's order book and expands its international footprint in the hydropower and tunnelling segments, areas where it has a strong track record. While the absolute value is moderate, the prestigious nature of the project and potential follow-on opportunities in Bhutan and neighbouring countries could support positive investor sentiment.