Patel Engineering has been awarded the lowest bid for a 240 MW hydroelectric project in Arunachal Pradesh, valued at ₹718 crore. The project, expected to generate 1,000 million units annually, will involve civil infrastructure construction and hydro-mechanical plant testing. atel Engineering Limited (PEL), a prominent.
Infrastructure and construction firm, has secured a significant contract valued at ₹718 crore for the development of the 240 MW HEO Hydro Electric Project in Arunachal Pradesh. Awarded by the North Eastern Electric Power Corporation Limited (NEEPCO), this project underscores PEL’s expertise in executing large-scale.
Project Overview
The HEO Hydro Electric Project is situated in the Shi Yomi district of Arunachal Pradesh. Once operational, it is expected to generate approximately 1,000 million units (MU) of electricity annually, contributing substantially to the state’s power supply and aiding in balancing the national grid. The project’s scope encompasses.
This project aligns with India’s broader objectives of enhancing renewable energy capacity and promoting sustainable infrastructure development. For Arunachal Pradesh, the HEO project is poised to bolster energy availability, support economic growth, and improve the reliability of power supply in the region comprehensive civil.
Patel Engineering’s Track Record
Established in 1949, Patel Engineering has a longstanding history in the projects and state construction, installation of hydro-mechanical equipment, and the testing and commissioning of all generating units. The completion timeline is set at 44 months. infrastructure sector, particularly in hydropower and irrigation company successfully.
Financial Implications
The announcement of this contract positively impacted Patel Engineering’s stock performance. On April 25, 2025, the company’s shares rose by 8.72% intraday, Completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunneling, primarily for central public sector undertakings and state government organizations reflecting investor confidence in its expanding project portfolio.
Patel Engineering’s acquisition of the ₹718 crore HEO Hydro Electric Project marks a pivotal addition to its portfolio, reinforcing its role in advancing India’s renewable energy infrastructure. As the company embarks on this ambitious project, it Analysts have noted that such significant project acquisitions enhance the company’s.
Revenue visibility and reinforce its position in the infrastructure sector continues to contribute to the nation’s sustainable development goals and regional economic progress Patel Engineering Limited (PEL), a Mumbai-based infrastructure and construction firm, has been awarded a significant contract worth ₹718 crore by.
Project Overview
The HEO Hydro Electric Project is located in the Shi Yomi district of Arunachal the testing and commissioning of all completion Pradesh. Upon completion, it is ALL Vexpected to generate approximately 1,000 million units (MU) of electricity annually, significantly enhancing the state’s power supply and contributing to the national grid’s stability. The project’s scope encompasses.
Strategic Significance
This project aligns with India’s broader objectives of augmenting renewable energy capacity and promoting sustainable infrastructure development. For Arunachal comprehensive civil construction, installation of hydro-mechanical equipment, and generating units. The project is slated for Pradesh, the HEO project is poised to bolster energy availability, support economic growth, and improve the reliability.
Patel Engineering’s Track Record
Established in 1949, Patel Engineering has a longstanding history in the of power supply in the region infrastructure sector, particularly in hydropower and irrigation. The company has successfully completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunneling, primarily for central public undertakings.
Financial Implications
The announcement of this contract positively impacted Patel Engineering’s stock performance. On April 25, 2025, the company’s shares rose by 8.72% intraday, reflecting investor confidence in its expanding project portfolio. Analysts have noted that such significant project acquisitions enhance the company’s revenue visibility.
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