Patel Engineering will interact with analysts and institutional investors during a virtual meeting on June 25, 2026. The session, scheduled from 4:00 PM to 5:00 PM IST, is part of the Valorem CXO Meet and will focus on insights derived from publicly available information. This engagement allows stakeholders to understand the company's current operational standing without the disclosure of unpublished price-sensitive information.

The company noted that the schedule is subject to changes due to exigencies on the part of the host or the company. The disclosure was submitted to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shobha Shetty, Company Secretary, signed the intimation on June 16, 2026.

Meeting Schedule Details

Maharashtra Krishna Valley Development Corporation has issued a Letter of Award (LOA) worth ₹126.37 crore to a joint venture involving Patel Engineering for the Tasgaon Lift Irrigation Scheme in Maharashtra. The company holds a 51% share in the project, valued at ₹64.45 crore. This order formalizes the award after the company was previously declared the Lowest Bidder (L1) on February 23, 2026. The project aims to strengthen irrigation infrastructure and support agricultural development in the Satara district.

Project Scope and Location

The Tasgaon Lift Irrigation Scheme encompasses the construction of a comprehensive water distribution system for a command area of 2,277 hectares across six villages in Satara Taluka. The villages included in the project scope are Tasgaon, Varne, Karandwadi, Devkarwadi, Degaon, and Nigadi. The initiative is designed to enhance water availability and improve agricultural productivity in the region.

Contractual Details

The total contract value is ₹126.37 crore, excluding taxes, with Patel Engineering responsible for executing its 51% portion. The project scope includes extensive civil, mechanical, and electrical works. Key components comprise headworks, pump houses, switchyards, rising mains, delivery chambers, and pumping machinery. Additionally, the contract involves the installation of a closed pipe distribution network, requiring excavation, laying, and jointing of MS, PCCP, and HDPE pipelines.

The following table summarises the key project parameters:

The project is scheduled to be completed within 48 months. Patel Engineering brings extensive experience to this infrastructure initiative, having established a presence in hydropower, tunnelling, and irrigation segments since 1949.