Patel Engineering bags Luhri Hydro Electric project order for Rs. 976.50 crore

Patel Engineering, a civil construction firm specialising in the hydropower sector, today announced that it has bagged a Rs 976.50 crore, Luhri Hydro Electric Project Stage I (210 MW) (Luhri Project) from Sutlej Jal Vidyut Nigam Limited, a joint venture between the Government of India and Himachal Pradesh State Government.

The order has been bagged by Luhri Hydro Power Consortium (LHPC), a consortium of Patel Engineering Ltd (the Company) and HES Infra Pvt. Ltd (HES). The project is located at Shimla and Kullu District in Himachal Pradesh, India. The Consortium has been able to get this project during Covid-19 Pandemic. The Company is the lead member of the LHPC having 60% shares and 40% by HES.

Luhri Project is an EPC Contract package covering design engineering services, civil and hydro-mechanical works of Luhri Hydroelectric Project Stage I (210 MW) located near village Nirath district Shimla and Kullu in Himachal Pradesh, India.

The EPC Contract package covering Design & Engineering Services, Civil and HydroMechanical works covers the following main components -

- Design, Planning, investigation etc., of the project.
- Horse Shoe Diversion Tunnel of dia 10m, 567m Long.
- Concrete Gravity Dam (80m high and 224.5m length).
- Power Intake & 4 Nos. of Penstock (2 X 8m dia & 2 X 5m dia)
- Surface Power House 122 m x 50 50 m x 65 5 m)
- Open Tail Race Channel 119 m)
- Permanent Access Road including a double lane steel truss bridge of IRC 70 R
- Hydro-mechanical Works (Gates penstock steel liner)

Shares of Patel Engineering Ltd was last trading in BSE at Rs. 15 as compared to the previous close of Rs. 15.45. The total number of shares traded during the day was 508248 in over 1152 trades.

The stock hit an intraday high of Rs. 15.65 and intraday low of 14.95. The net turnover during the day was Rs. 7697879.

Source : Equity Bulls

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