Patel Engineering Ltd declared L1 for Rs.240.02 crore order

NHPC Ltd. has declared Patel Engineering Limited (PEL) as L1 for a Rs. 240.02 crore contract for the works involving modification of diversion tunnel into tunnel spillway arrangement - Civil & Hydro Mechanical works for Package 6 - TEESTA-VPOWERSTATION, SIKKIM.

The project is to be completed in a period of 18 months.

The said project is located in the South District of Sikkim State.

The scope of work involves Construction of the civil works of the tunnel spillway including construction adit, gate operation chamber and gate shaft, precast bridge, excess road, energy dissipation arrangement of tunnel spillway, dyke and tunnel for environment flow and it's Gate Operation Chamber (GOC).

The Company has vast experience working in North Eastern States. Currently, PEL is working on NHPC - TEESTA VI HEP (Lot-2), which is located near Singtam town - Sikkim, about 30km from the proposed project site.

Shares of Patel Engineering Limited was last trading in BSE at Rs. 57.57 as compared to the previous close of Rs. 58.77. The total number of shares traded during the day was 1161512 in over 8440 trades.

The stock hit an intraday high of Rs. 59.91 and intraday low of 56.34. The net turnover during the day was Rs. 66989985.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 L1 OrderWin NHPC