Patel Engineering bags Rs 144 crore project from Brihanmumbai Municipal Corporation

Patel Engineering Ltd on January 11, 2007 has announced that it has bagged orders for construction of a tunnel worth Rs 143.59 crore from Brihanmumbai Municipal Corporation Greater Mumbai (BMC).

The project involves construction of appx 6.1 km long tunnel of 2.8 metres diameter, from Veravail to Yari Road via Adarsh Nagar in the suburbs of Mumbai. The project will involve the use of full face rock tunnel boring machine, including construction of 50-80m deep shafts at these areas.

Significantly, the project will use Tunnel Boring Machine (TBM) compared to drill-and-blast technology for construction of this tunnel thereby drilling upto 50 meters below ground level will be done without disturbing the building and traffic in the surrounding area. In the past, BMC has used technology for other water supply and sewage projects.

commenting on the development, Sonal Patel, Whole Time Director, of the Company said, "Going forward, we believe that urban infrastructure will gain momentum as huge investments are expected in various aspects of urban infrastructure including water supply and treatment systems, drainage systems and local transport infrastructure."

Source : Equity Bulls

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