Patel Engineering Limited has secured a major infrastructure contract, being declared the lowest bidder (L1) for an irrigation project worth ₹133.25 crore from Maharashtra Krishna Valley Development Corporation, Pune. The Mumbai-based infrastructure company will execute this significant project through a joint venture arrangement, with its share valued at ₹67.96 crore.

Project Overview and Scope

The comprehensive project falls under the Tasgaon Lift Irrigation Scheme, which is part of the larger Guruvarya Late Laxmanraoji Inamdar Lift Irrigation Scheme. The initiative is designed to serve an irrigable command area (ICA) of 2,277 hectares across six villages in Satara Taluka, Satara District.

Technical Specifications and Infrastructure Development

The project encompasses extensive civil, mechanical, and electrical works across multiple components. The scope includes construction of head works, pump houses, switch yards, rising mains, delivery chambers, and installation of pumping machinery. A key feature of the project is the development of a closed pipe distribution network designed to efficiently serve the designated command area.

The technical work involves:

• Construction of critical infrastructure components including head works and pump houses
• Installation of pumping machinery with allied mechanical and electrical systems
• Development of switch yards and delivery chambers
• Excavation of deep trenches in earth soil for laying rising mains
• Comprehensive pipe installation including mild steel (M.S.) pipes, prestressed cement concrete pipes (P.C.C.P.), and high-density polyethylene (HDPE) pipes

Geographic Coverage and Implementation

The project spans across six villages within Satara District, specifically covering Tasgaon, Varne, Karandwadi, Devkarwadi, Degaon, and Nigadi. This strategic location selection ensures optimal water distribution across the designated irrigable command area, supporting agricultural development in the region.

Company Background and Expertise

Patel Engineering Ltd., established in 1949, brings 76 years of experience to this project. The company has demonstrated strong capabilities in hydropower, tunnelling, and irrigation segments, with a proven track record in both domestic and international project execution. The company's portfolio includes completion of over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling works, primarily for central PSUs and state government organizations.

Project Timeline and Execution Strategy

The irrigation project is scheduled for completion within 48 months from commencement. The joint venture structure, with Patel Engineering holding a 51% stake, positions the company as the lead partner in project execution while leveraging collaborative expertise for comprehensive project delivery.

Patel Engineering has been officially declared the lowest bidder by Himachal Pradesh Power Corporation Limited (HPPCL) for the prestigious Renukaji Dam Project Package-1, valued at ₹910.08 crores including GST. The company disclosed this major contract award through a regulatory filing under SEBI Listing Regulations on February 23, 2026.

Project Specifications and Scope

The comprehensive infrastructure project involves sophisticated engineering work at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh. The project encompasses multiple critical components designed to enhance water storage capacity and support hydropower generation.

Technical Work Components

The project scope includes construction of three diversion tunnels with a diameter of 9.50 meters each, featuring lengths of 1,379 meters, 1,468 meters, and 1,590 meters respectively. Additionally, the work encompasses development of three inlet and outlet portals for the diversion tunnels, construction of 6 kilometers of access roads, installation of hydro-mechanical gates, and execution of instrumentation works to ensure operational efficiency and safety.

Management Commentary

Ms. Kavita Shirvaikar, Managing Director of Patel Engineering, emphasized that being declared the L1 bidder reaffirms the company's strong capabilities in delivering large-scale infrastructure projects. She highlighted the project's role in strengthening the company's portfolio while contributing meaningfully to sustainable water management and hydropower development.

Company Profile

Patel Engineering Ltd, established in 1949, brings 76 years of experience in hydropower, tunnelling, and irrigation segments. The company has completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunnelling for clients primarily consisting of central PSUs and state government organizations.