Patel Engineering Ltd , a veteran in the infrastructure sector, has announced a significant addition to its order book. The company has received two Letters of Intent (LOIs) for a substantial coal mining project, marking a strategic expansion in its operations.

Contract Details

Project Significance

The newly secured contract involves crucial operations in coal mining, including:

• Excavation work
• Associated activities
• Coal transportation

This project not only strengthens Patel Engineering's position in the mining sector but also contributes significantly to its growing order book.

Company's Order Pipeline

Patel Engineering's Managing Director, Ms. Kavita Shirvaiker, provided insights into the company's robust project pipeline:

Future Outlook

The company's management expressed confidence in substantial order book growth in the coming years. Key points include:

• Anticipation of projects worth nearly ₹21 lakh crores coming up for bidding in the next 1-2 years
• These projects align with Patel Engineering's core operational areas
• The new contract and future opportunities are expected to drive significant growth in the company's order book

Company Background

Patel Engineering, established in 1949, has a rich history spanning over seven decades in the infrastructure sector. The company has demonstrated its expertise in various segments:

• Hydropower projects
• Tunneling
• Irrigation

With a track record of completing 85 dams, 40 hydroelectric projects, and over 300 km of tunneling, Patel Engineering has established itself as a reliable player in both domestic and international markets.

This latest contract further cements the company's position in the infrastructure and mining sectors, potentially paving the way for sustained growth and enhanced shareholder value in the coming years.

Patel Engineering Limited , a prominent infrastructure and construction company, is set to hold a crucial Allotment Committee meeting on November 28, 2025, to finalize the terms of its proposed rights issue. The company aims to raise up to Rs. 500 crore through this equity fundraise, which was initially approved by the Board of Directors on November 13, 2025.

Key Details of the Rights Issue

The upcoming meeting will address several critical aspects of the rights issue:

• Determination of the rights issue price
• Establishment of the rights entitlement ratio
• Setting of the record date
• Finalization of the issue timing

These decisions are subject to receiving in-principle approval from the stock exchanges where Patel Engineering's securities are listed, as well as other necessary regulatory authorizations.

Financial Context

While the primary focus of this news is the upcoming rights issue, it's worth noting Patel Engineering's recent financial position to provide context for this fundraising effort:

The company's decision to raise funds through a rights issue comes at a time when it has shown growth in its asset base and shareholder's capital over the past year.

Implications for Shareholders

Existing shareholders of Patel Engineering should pay close attention to the outcomes of the November 28 meeting, as it will determine their rights and opportunities in this new issue. The rights entitlement ratio, in particular, will be crucial in understanding how many additional shares each shareholder can subscribe to.

Conclusion

The upcoming Allotment Committee meeting marks a significant step in Patel Engineering's capital raising efforts. As the company moves forward with its Rs. 500 crore rights issue, investors and market watchers will be keenly awaiting the finalized terms.