Patel Engineering has received the Letter of Award (LoA) from Himachal Pradesh Power Corporation Limited (HPPCL) for the Renuka Ji Dam Project Package-1, valued at ₹910.08 crore including GST. The company had earlier been declared the Lowest Bidder (L1) for this project on February 23, 2026, and the receipt of the LoA marks the formal commencement of this significant infrastructure engagement.

Project Location and Timeline

The project is strategically located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh, and is scheduled for completion within 30 months. This timeline reflects the technical complexity and scale of the infrastructure work required for the dam project.

Technical Specifications and Scope

Under this package, Patel Engineering will undertake the construction of three major diversion tunnels, each designed with a diameter of 9.5 meters and extending over lengths ranging from 1.3 to 1.6 kilometers. The comprehensive project scope includes the creation of inlet and outlet structures for these tunnels, development of approximately 6 kilometers of approach and access roads, and installation of advanced hydro-mechanical systems to regulate water flow.

Management Commentary

Commenting on the development, Ms. Kavita Shirvairkar, Managing Director of Patel Engineering, stated that receiving the Letter of Award for the Renuka Ji Dam Project represents a proud milestone for the company. She emphasized that the award reflects HPPCL's confidence in their ability to deliver complex infrastructure with precision and reliability, while contributing to India's water security and renewable energy development.

Strategic Significance

This contract award reinforces Patel Engineering's position as a leading infrastructure company with over 76 years of experience since 1949. The company has a strong track record in hydropower, tunneling, and irrigation segments, having completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunneling for central PSUs and state government organizations. The project scope also encompasses comprehensive instrumentation and monitoring systems to ensure long-term operational reliability and safety.

Patel Engineering Ltd. has announced the appointment of Ms. Sudha Pravin Navandar as Additional Independent Director, following a board resolution passed on March 16, 2026. The appointment was approved through circulation based on the recommendation of the company's Nomination and Remuneration Committee, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Details

The board resolution formally appointed Ms. Navandar as Additional Independent Director for a consecutive three-year term. The appointment is subject to shareholder approval and requires compliance with regulatory disclosure requirements.

Professional Background and Qualifications

Ms. Navandar brings extensive professional credentials to her new role. She is a qualified Chartered Accountant with over 30 years of experience spanning audit, corporate consultancy, insolvency and corporate advisory matters. Her qualifications include:

• Chartered Accountant (India)
• Certified Public Accountant (USA)
• Insolvency Professional certification
• Post-qualification certification in Information System Audit (DISA)

Her diverse expertise in finance, regulatory compliance, and corporate governance positions her to contribute effectively to the company's strategic direction and risk management framework.

Current Board Positions

Ms. Navandar currently serves as Independent Director across multiple prominent companies, demonstrating her extensive board experience:

• Hinduja Energy (India) Ltd
• Hinduja National Power Corporation Ltd
• Tribhovandas Bhimji Zaveri Ltd
• Anand Rathi Financial Services Ltd
• Anand Rathi Share and Stock Brokers Ltd
• Yasho Industries Ltd
• Sudarshan Chemical Industries Ltd
• Sudarshan Colorants India Ltd

Regulatory Compliance

The appointment follows all regulatory requirements under SEBI regulations. The company confirmed that Ms. Navandar is not related to any existing director and has not been debarred from holding directorial positions by SEBI or any other regulatory authority. The disclosure was made pursuant to Regulation 30 and 51 of SEBI Listing Regulations and relevant SEBI circulars.

Strategic Impact

The appointment strengthens Patel Engineering's board composition with additional independent oversight. Ms. Navandar's commitment to maintaining high standards of integrity and professionalism aligns with the company's governance framework. Her experience in corporate advisory matters and regulatory compliance is expected to support the company's operational excellence and growth initiatives while ensuring adherence to required regulatory frameworks.