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.

Patel Engineering Limited has confirmed that its promoters and persons acting in concert have not created any encumbrance, directly or indirectly, on the company's shares during the financial year ended March 31, 2026. This disclosure, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensures compliance with transparency requirements regarding shareholding.

The declaration, submitted on behalf of all promoters and the promoter group, stated that no new encumbrances were established other than those already disclosed in the depositories under the System Driven Disclosure mechanism. The communication was addressed to the Bombay Stock Exchange Ltd. and the National Stock Exchange of India Ltd. to formally record the information.

Regulatory Filing Details

The filing was signed by Janky Patel, a promoter of patel engineering , on April 6, 2026. The confirmation serves as a formal undertaking to the exchanges regarding the status of the promoter group's shareholding throughout the specified financial year.