Patel Engineering Ltd bags hydropower prioject of Rs. 239.98 crore from NHPC Ltd

NHPC Ltd. has awarded a contract valued at Rs. 239.98 Crore (inclusive of taxes) to Patel Engineering Limited (PEL) for the works involving modification of diversion tunnel into tunnel spillway arrangement - Civil & Hydro Mechanical works for Package 6 - TEESTA-V POWER STATION, SIKKIM.

The project is located in the South District of Sikkim and is scheduled to be completed within 18 months. Key components of the scope include construction of the tunnel spillway, gate operation chamber and shaft, precast bridge, access road, energy dissipation structures, dyke, environmental flow tunnel, and associated infrastructure.

Commenting on the award, Managing Director Ms. Kavita Shirvaikar said: "We are honored to receive the LOA from NHPC for this strategically important hydro power project. Our deep experience in the North Eastern region positions us strongly to execute this project with precision and efficiency. This win is another step toward our vision of contributing meaningfully to India's clean energy future."

PEL is currently working on NHPC's Teesta-VI HEP (Lot-2) near Singtam town, approximately 30 km from the new project site, further improving regional expertise and commitment to delivering high-quality infrastructure.

Shares of Patel Engineering Limited was last trading in BSE at Rs. 39.48 as compared to the previous close of Rs. 39.93. The total number of shares traded during the day was 347964 in over 2524 trades.

The stock hit an intraday high of Rs. 40.10 and intraday low of 39.40. The net turnover during the day was Rs. 13778470.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 OrderWin NHPC HydropowerProject