Patel Engineering Limited (PEL) has received a Letter of Award from Himachal Pradesh Power Corporation Limited (HPPCL) for Package 1 of the Renukaji Dam Project, valued at Rs 910.08 crore including GST, converting its lowest bidder position secured in February into a formal contract award. The project is located at Village Dadahu, Tehsil Renuka, District…
Patel Engineering Limited has secured an EPC (engineering, procurement, and construction) contract worth Rs 7.11 billion from NEEPCO Limited for the 240 MW Heo hydropower project in Arunachal Pradesh. The project is located in the Shi Yomi district and is scheduled for completion within 44 months. The scope of work includes civil works, infrastructure construction,…
Patel Engineering Limited announced a net profit increase of 151% year-over-year for Q2 FY25. For the quarter ending September 30, 2024, the company reported a revenue increase of 14.98%, reaching Rs 11,743 million, driven by progress in hydropower, irrigation, and tunnelling projects. The operating EBITDA rose by 15.8% to Rs 1,622 million, while the net…