Patel Engineering Ltd. (PEL), a well-established infrastructure company, has secured 2 major project contracts by emerging as the lowest bidder. The first is a ₹718 crore hydropower project awarded by North Eastern Electric Power Corporation Ltd. (NEEPCO) in Arunachal Pradesh. The second is a ₹1,318.89 crore urban infrastructure project from City & Industrial Development Corporation of Maharashtra Ltd. (CIDCO) for constructing the Kondhane Dam in Maharashtra.
The hydropower project is located in the Shi Yomi district, Arunachal Pradesh. It involves the construction, testing and commissioning of a 240 MW HEO Hydro Electric Plant, expected to produce 1,000 million units of electricity annually, contributing to the regional power supply and national grid stability.
The urban project is in Kondhane village, Karjat Taluka, Raigad district, Maharashtra. It focuses on building a 1209 m-long and 83 m-high dam using Roller Compacted Concrete Technology, along with essential mechanical and electrical infrastructure like radial gates and control systems.
The Arunachal project is to be completed within 44 months, while the Kondhane Dam construction has a timeline of 42 months. Both projects will be executed with a comprehensive approach covering civil, hydro-mechanical and electrical works.
Established in 1949, Patel Engineering Ltd. has over seven decades of experience in the infrastructure sector. The company is known for its strong presence in hydropower, tunneling and irrigation projects. PEL has an impressive record of having completed 85+ dams, 40+ hydroelectric projects and over 300 km of tunnels, largely for government and PSU clients across India and abroad.
Read More: Patel Engineering JV Wins ₹1,090.45 Crore Contract for Pipeline Network Project in Maharashtra
As of April 25, 2025, at 11:15 AM, Patel Engineering Limited share price is trading at ₹44.87 per share, reflecting a surge of 0.99% from the previous day’s closing price. Over the past month, the stock has surged by 8.51%. The stock’s 52-week high stands at ₹74.40 per share, while its low is ₹35.68 per share.
Patel Engineering Ltd.’s latest project wins reflect the company’s long-standing capabilities in the infrastructure sector. The two contracts underscore the company’s role in shaping India’s energy and urban infrastructure, and the company continues to deliver large-scale projects across the nation.
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Published on: Apr 25, 2025, 2:57 PM IST
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