Patel Engineering bags new order of Rs. 1251 crore Teesta-VI Hydro Electric Project

Patel Engineering, a civil construction Company specializing in the hydropower sector, today announced that it has bagged a Rs. 1,251 crore, Lot II Civil Work contract for 500 MW Teesta-VI Hydro Electric Project, Sikkim from Lanco Teesta Hydro Power Limited, a wholly owned Subsidiary of NHPC Ltd. The project is located at South Sikkim District in Sikkim, India.

The Package includes balance Civil works for Underground Power House & Transformer Cavern, Part of HRT-I & HRT-II, Surge Shafts, Pressure Shafts & Adits, TRT and other Associated Structures etc. of 500 MW Teesta-VI Hydro Electric Project located near village Subin Khore, South Sikkim, India, which is about 67Kms from Siliguri, the nearest major town.

Shares of Patel Engineering Ltd was last trading in BSE at Rs. 16.5 as compared to the previous close of Rs. 16.6. The total number of shares traded during the day was 196776 in over 428 trades.

The stock hit an intraday high of Rs. 16.85 and intraday low of 16.25. The net turnover during the day was Rs. 3264945.

Source : Equity Bulls

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