Patel Engineering has been declared the lowest bidder (L1) for Package 2 of the 669 MW Lower Arun Hydropower Project in Nepal, valued at ₹1,593.08 crores. The company announced this significant contract win through a regulatory filing under Regulation 30 of SEBI Listing Regulations.

Project Overview

The contract has been awarded by SJVN Lower Arun Power Development Company (P) Ltd., a wholly owned subsidiary of SJVN. The project details are outlined below:

Scope of Work

Package 2 encompasses critical infrastructure components for the Lower Arun Hydro-Electric Project. The comprehensive scope includes construction of Adit-5 and Adit-6 leading to the Head Race Tunnel, along with the Part Head Race Tunnel measuring 10.5 meters in diameter and extending 5.41 kilometers.

Additional work components cover the Surge Shaft and its gates, Pressure Shaft with Butterfly Valve Chamber and Access Adit, Power House, Switchyard, Surface Pothead Yard, and Tail Race Channel. The package also involves installation of steel liners for Pressure Shafts, Draft Tube Gates and hoists, plus associated road works and supporting infrastructure.

Management Commentary

Ms. Kavita Shirvairkar, Managing Director of Patel Engineering, commented on the development: "We are pleased to begin Q1 FY27 on a positive note, having been declared L1 for this important order of approximately ₹1600 crores. Nepal holds immense hydroelectric potential, and the Lower Arun project is a significant step toward harnessing that energy for sustainable growth."

She further added that with ongoing work at the Arun-3 Hydropower project located just 35 kilometers from the Lower Arun site, the company is well-positioned to deliver world-class engineering and timely execution.

Strategic Significance

The project site is strategically located near Tumlingtar in Sankhuwasabha District of Nepal, approximately 264 kilometers from Siliguri, India. This international contract reinforces Patel Engineering's capabilities in the hydropower sector and strengthens its presence in the regional infrastructure market.

Patel Engineering, established in 1949, has completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunneling works. The company maintains a strong track record in executing projects for central PSUs and state government organizations across domestic and international markets.

Patel engineering Limited has notified stock exchanges regarding the completion of tenure of its Independent Director Mr. Ashwin Parmar, effective April 19, 2026. The company filed the mandatory regulatory disclosure with both Bombay Stock Exchange and National Stock Exchange on April 17, 2026.

Director Tenure Completion Details

The company informed that Mr. Ashwin Parmar (DIN: 00055591) completed his term as an Independent Director on April 19, 2026, and consequently ceased to be a Director of the Company. The notification was made in compliance with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The disclosure was made pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The company provided detailed annexure containing all required information as per regulatory guidelines.

Corporate Communication

The official communication was signed by Shobha Shetty, Company Secretary & Compliance Officer (Membership No. F10047), and digitally authenticated on April 17, 2026. The notification was addressed to both major stock exchanges where the company's shares are listed - BSE (Company Code No. 531120) and NSE (Company Code: PATELENG).

Patel Engineering Limited maintains its registered office at Patel Estate Road, Jogeshwari (W), Mumbai – 400 102, and continues to ensure full compliance with all regulatory disclosure requirements.