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Patel Engineering Limited (PEL) Secures Substantial Contract of ₹317 Crore

06 August 20242 mins read by Angel One
Patal Engineering and its joint venture partner bagged an irrigation project worth ₹317.60 crore from the Government of Maharashtra.
Patel Engineering Limited (PEL) Secures Substantial Contract of ₹317 Crore
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Patel Engineering Limited, in consortium with a joint venture partner, has been awarded a significant contract valued at ₹317.60 crore by the Office of the Executive Engineer, Government of Maharashtra. The project entails the construction of a water-lifting arrangement for the initial phase of the Jigaon project, which has been submerged. The scope of work encompasses civil, mechanical, and electrical components, along with ancillary operations.

The project, strategically located in Maharashtra, is slated for completion within a 24-month timeline. PEL will hold a 35% stake in the joint venture undertaking the execution. The contract involves the construction of a water lifting system for LIS 1 to 12, including the development of an approach channel and rising main, installation of pumping machinery, the establishment of a switchyard, and associated civil, mechanical, and electrical works.

Ms Kavita Shirvaikar, Acting Managing Director, Patel Engineering Limited, said, “We are thrilled to announce that the Company has been awarded this significant irrigation project by the Office of the Executive Engineer, Government of Maharashtra. This undertaking not only underscores our technical capabilities but also reinforces our unwavering commitment to advancing critical infrastructure. We look forward to collaborating with the Government of Maharashtra and our partners to ensure the project’s successful and timely completion, which will be instrumental in boosting agricultural productivity and enhancing water management in the region.”

About Patel Engineering Ltd

Established in 1949, Patel Engineering Ltd (PEL) is a 75-year-old company, which has a strong presence in hydropower, irrigation, tunnels and underground works for hydroelectric and dam projects. The company has a consistent track record in the execution of projects in the domestic and international arena. PEL has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling for clients, which are mostly central PSUs or state government organisations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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