Patel Engineering Awarded ₹910.08 Crore Renukaji Dam Project by HPPCL
Patel Engineering has been declared the lowest bidder by HPPCL for the Renukaji Dam Project Package-1 worth ₹910.08 crores. The project involves construction of three diversion tunnels with 9.50-meter diameter, 6 kilometers of access roads, and hydro-mechanical installations to be completed within 30 months at Sirmaur, Himachal Pradesh.
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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.
| Project Parameter | Details |
|---|---|
| Contract Value | ₹910.08 crores (including GST) |
| Execution Timeline | 30 months |
| Location | Village Dadahu, Sirmaur, Himachal Pradesh |
| Contract Type | Civil Contract (Domestic) |
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.
| Technical Specifications | Details |
|---|---|
| Tunnel Diameter | 9.50 meters each |
| Tunnel Lengths | 1,379m, 1,468m, 1,590m |
| Access Roads | 6 kilometers |
| Additional Work | Hydro-mechanical gates & instrumentation |
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.
Historical Stock Returns for Patel Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.53% | -7.79% | -2.75% | -25.60% | -35.65% | +138.92% |
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