Patel Engineering Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PATELENG · price
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Awaiting price reaction for this filing.
Patel Engineering has been declared the lowest bidder (L1) by Himachal Pradesh Power Corporation Limited (HPPCL) for the Renukaji Dam Project (Package-1) valued at Rs. 910.08 crores (including GST). The scope covers construction of three diversion tunnels (9.5m diameter, lengths of 1,379m, 1,468m, and 1,590m), three inlet/outlet portals, 6 km of access roads, hydro-mechanical gates, and instrumentation works, to be executed over 30 months in Sirmaur district, Himachal Pradesh. This is a domestic civil contract awarded by a state government entity, with no related-party interest. The win strengthens the company's portfolio in hydropower and tunnelling, segments where it has completed over 85 dams and 40 hydroelectric projects historically.
This Rs. 910 crore order is a sizeable addition to the company's order book and provides strong revenue visibility over the next 30 months, likely supporting positive sentiment on the stock given Patel Engineering's core focus on hydro and tunnelling projects.