Patel Engineering Ltd (PEL), a veteran player in the infrastructure sector , has clinched a significant project worth ₹1,318.89 crore from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO). This latest contract underscores the company's growing footprint in large-scale infrastructure development, particularly in dam construction.

Project Details

The awarded project involves the construction of the Kondhane Dam and its allied works using Roller Compacted Concrete (RCC) Technology. Located in Village Kondhane, Taluka Karjat, District Raigad in Maharashtra, the project is set to be completed within a 42-month timeframe.

Key aspects of the project include:

• Civil works for dam construction with a length of 1,209 meters and a height of 83 meters
• Hydro Mechanical and Electrical works
• Installation of 3 radial gates with electrical and manual gate control
• Associated electrification works

Management's Perspective

Ms. Kavita Shirvaikar, Managing Director of Patel Engineering Limited, expressed enthusiasm about the project, stating:

"We are pleased to have been awarded the Kondhane Dam project by CIDCO, which marks a strong start to FY26 for Patel Engineering. This project is a testament to our proven capabilities in delivering complex infrastructure works, especially in dam construction using advanced technologies like Roller Compacted Concrete."

Company Background

Established in 1949, Patel Engineering Ltd has built a strong reputation in the infrastructure sector over its 76-year history. The company specializes in:

• Hydropower
• Tunnelling
• Irrigation segments

With a track record of completing over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling, PEL has demonstrated its expertise in executing complex infrastructure projects for central PSUs and state government organizations.

Recent Developments

This Kondhane Dam project award follows Patel Engineering's recent success in becoming the lowest bidder for a ₹718.00 crore hydropower project in Arunachal Pradesh. These consecutive project wins highlight the company's strong position in the infrastructure sector and its ability to secure large-scale projects across different regions of India.

Market Implications

These substantial project awards reinforce Patel Engineering's position in the infrastructure sector and signal potential growth in its order book. As infrastructure development gains momentum in India, companies with proven capabilities in executing large-scale projects are likely to benefit from increased opportunities.

The successful acquisition of these projects reflects:

1. The ongoing focus on infrastructure development in India
2. The government's commitment to improving both urban facilities and power generation capabilities
3. The importance of technological advancements in construction, such as the use of Roller Compacted Concrete Technology, in modern infrastructure projects

As the company embarks on these significant projects, stakeholders will be keen to observe their execution and the potential impact on Patel Engineering's financial performance in the coming quarters.

Patel Engineering Ltd (PEL), a Mumbai-based infrastructure company with a 76-year legacy, has recently secured two significant orders totaling ₹2,037 crore, marking a substantial boost to its project portfolio and potential revenue prospects. These projects represent approximately 55% of the company's current market capitalization.

Hydropower Project from NEEPCO

Patel Engineering has been declared the lowest bidder (L1) for a ₹718 crore contract from North Eastern Electric Power Corporation Limited (NEEPCO). The project involves the construction of the 240 MW HEO Hydro Electric Project located in the Shi Yomi district of Arunachal Pradesh.

Key details of the hydropower project:

• Expected to generate 1,000 million units (MU) of energy annually
• Aims to improve power supply in Arunachal Pradesh and contribute to balancing the national grid
• Project completion period: 44 months

The scope of work includes:

• Construction of civil and associated infrastructure
• Testing and commissioning of hydro-mechanical plant and machinery
• Ensuring successful operation and performance of all generating units

Urban Infrastructure Project from CIDCO

In another significant win, Patel Engineering has been declared the lowest bidder for a ₹1,318.89 crore contract from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO). This project involves the construction of the Kondhane Dam and its allied works using Roller Compacted Concrete Technology.

Project specifics:

• Location: Village Kondhane, Taluka Karjat, District Raigad, Maharashtra
• Project duration: 42 months
• Dam specifications: 1,209 meters in length and 83 meters in height

The scope of work encompasses:

• Civil works for dam construction
• Hydro-mechanical and electrical works
• Installation of 3 radial gates with electrical and manual gate control
• Other electrification works

Company Profile

Patel Engineering, established in 1949, has built a strong reputation in the hydropower, tunnelling, and irrigation segments. The company's track record includes:

• Completion of over 85 dams
• Execution of 40 hydroelectric projects
• Construction of more than 300 km of tunnelling

These new orders further solidify Patel Engineering's position in the infrastructure sector, potentially leading to enhanced revenue and growth opportunities in the coming years.

With these new additions to its order book, Patel Engineering continues to demonstrate its expertise in handling large-scale infrastructure projects, particularly in the hydropower and dam construction sectors. The significant value of these projects relative to the company's market capitalization underscores the potential impact on Patel Engineering's future growth and financial performance.