Patel Engineering Ltd has secured two significant infrastructure projects worth Rs 20.37 billion. The first, a dam construction project in Maharashtra, was ordered by the City and Industrial Development Corporation of Maharashtra, while the second, a 240 MW hydropower project in Arunachal Pradesh, was awarded by the North.
Eastern Electric Power Corporation Ltd. These developments strengthen Patel Engineering Ltd’s role in India’s renewable energy sector and urban infrastructure growth Patel Engineering Ltd (PEL), a prominent civil construction firm, has secured two significant infrastructure projects totaling ₹2,036.89 crore, reinforcing its.
Project 1: Kondhane Dam Construction in Maharashtra
The first project, awarded by the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), involves the construction of the Kondhane Dam and its allied works in Karjat Taluka, Maharashtra. Valued at ₹1,318.89 crore, the project will utilize Roller Compacted Concrete (RCC) technology. The dam is designed to be.
Project 2: 240 MW Hydropower Project in Arunachal Pradesh
The second project, worth ₹718 crore, has been awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO) for the development of a 240 MW hydroelectric project in Arunachal Pradesh. Located in the Shi Yomi district, this project encompasses civil construction, testing, commissioning, and installation.
Position in India’s infrastructure development sector 1,209 meters in length and 83 meters in height. The scope includes comprehensive civil works, with a completion timeline of 42 months of hydro-mechanical equipment. It is expected to generate approximately 1,000 million units of energy annually, contributing significantly to.
Strategic Significance
These projects underscore Patel Engineering’s expertise in executing complex infrastructure works, particularly in the hydropower and irrigation sectors. The Kondhane Dam project will enhance water storage and supply capabilities in Maharashtra, while the Arunachal Pradesh hydropower project aligns with India’s renewable energy goals and aims to improve energy availability in the northeastern.
Market Response
Following the announcement, Patel Engineering’s stock experienced a notable the region’s power supply and the national grid. The project is slated for completion within 44 months. uptick. Shares rose by 8.72% intraday to ₹48.22 on the Bombay Stock Exchange (BSE), reflecting investor confidence in the company’s growth trajectory. The market capitalization stood at ₹3,830 crore during this period.
Company Outlook
Patel Engineering continues to focus on sectors such as hydropower, tunneling, and irrigation, leveraging its extensive experience to contribute to India’s infrastructure development. The successful acquisition of these projects is expected to bolster the company’s order book and support its long-term growth objectives For more information on Patel Engineering’s projects and developments, visit their office.
Kondhane Dam Project – Maharashtra
The first project, awarded by the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), involves the construction of the Kondhane Dam and its allied works in Karjat Taluka, Raigad district. Valued at ₹1,318.89 crore, the project will utilize Roller Compacted Concrete (RCC) technology. The dam is designed to be.
240 MW Hydropower Project – Arunachal Pradesh
The second project, worth ₹718 crore, has been awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO) for the development of a 240 MW approximately projects is expected to bolster the company’s order book and growth objectives. hydroelectric project in the Shi Yomi district of Arunachal Pradesh. The project encompasses civil construction, testing, commissioning, and installation of hydro.
Strategic Significance
These projects underscore Patel Engineering’s expertise in executing complex infrastructure works, particularly in the hydropower and irrigation sectors. The Kondhane Dam project will enhance water storage and supply capabilities in Maharashtra, while the Arunachal Pradesh hydropower project aligns with India’s.mechanical equipment. Once operational, it is expected to generate.
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