Patel Engineering emerges L1 for Renukaji Dam Project Package-1

Himachal Pradesh Power Corporation Limited (HPPCL) has declared a Mumbai based infrastructure company, Patel Engineering Limited ("Company" or "PEL"), as Lowest Bidder (L1) for the prestigious Renuka Ji Dam Project (Package-1), valued at 910.08 Crores including GST. This milestone reinforces the company's commitment to delivering world-class infrastructure projects that contribute to India's sustainable development and water resource management.

The project, located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh, is scheduled to be completed within a timeline of 30 months.

The scope of works under this package comprises the construction of three diversion tunnels, each with a diameter of 9.5 meters and lengths of 1379 meters, 1468 meters, and 1590 meters respectively. It also includes the development of three inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometers. In addition, the project involves the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works to ensure operational efficiency and safety.

The Renuka Ji Dam Project is a critical initiative aimed at enhancing water storage capacity, ensuring reliable water supply, and supporting hydropower generation.

Commenting on the development, Ms. Kavita Shirvaikar, Managing Director, Patel Engineering said: "Being declared the L1 bidder for the Renuka Ji Dam Project is a proud milestone for us, reaffirming our strong capabilities in delivering large-scale infrastructure projects and our role as a trusted partner in India's growth journey. This project not only strengthens our portfolio but also positions us to contribute meaningfully to sustainable water management and hydropower development. Looking ahead, we remain committed to leveraging innovation, engineering excellence, and execution efficiency to deliver projects that create lasting value for communities and drive the nation's infrastructure forward."

Shares of Patel Engineering Limited was last trading in BSE at Rs. 27.93 as compared to the previous close of Rs. 27.23. The total number of shares traded during the day was 600276 in over 1618 trades.

The stock hit an intraday high of Rs. 28.55 and intraday low of 26.69. The net turnover during the day was Rs. 16546182.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 L1 HPPCL RenukaJiDamProject Package1