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Latest news about Patel Engineering

Patel Engineering Settles $40 Million Claim for $5 Million with US Insurers 5 days ago

Patel Engineering Ltd (PEL) has reached a settlement agreement with Continental Casualty Company and Western Surety Company, resolving a legal dispute in the United States. The company will pay approximately $5 million (₹44 crore) to settle claims that originally amounted to around $40 million. The lawsuit, filed in 2019, stemmed from sureties issued for ASI Constructors Inc., a former US subsidiary of Patel Engineering. PEL will make provisions for the settlement amount in its financial statement for the quarter ending September 30, 2025, with payments to be made in tranches from internal accruals.

Patel Engineering Appoints Infrastructure Veteran R V R Kishore as Whole-Time Director Sep 12, 2025

Patel Engineering Secures INR 90 Crore Through Non-Convertible Debentures Aug 26, 2025

Patel Engineering Reports 56% Profit Growth in Q1 Aug 11, 2025

Patel Engineering to Announce Q1FY26 Results on August 11 Amid Stock Decline Aug 09, 2025

More news about Patel Engineering

25Jul 25

Patel Engineering Approves INR 100 Crore Non-Convertible Debentures Issue

Patel Engineering's Allotment Committee has approved the issuance of non-convertible debentures (NCDs) worth up to INR 100 crores through private placement. The issue includes 5,000 debentures of INR 1 lakh each, totaling INR 50 crores, with a green shoe option for an additional INR 50 crores. The NCDs have a 36-month tenure, 10.25% annual coupon rate, monthly interest payments, and a staggered principal repayment schedule. They will be secured by a first-ranking exclusive charge on identified company-owned land parcels and listed on the National Stock Exchange of India Limited.

22Jul 25

Patel Engineering to Finalize Debenture Issuance Terms in Upcoming Allotment Committee Meeting

Patel Engineering's Allotment Committee will meet on July 25, 2025, to finalize terms and conditions for a proposed debenture issuance. This follows the Board of Directors' approval on July 3, 2025. The meeting will determine the specifics of the offering, including the number of securities to be issued. The announcement complies with SEBI regulations, demonstrating the company's commitment to transparency.

21Jul 25

Patel Engineering Secures Rs. 240 Crore Hydropower Project from NHPC

Patel Engineering has been awarded a hydropower project contract worth Rs. 239.98 crore by NHPC (National Hydroelectric Power Corporation). This significant contract win is expected to strengthen Patel Engineering's order book and potentially boost its revenue in coming quarters. The project underscores the company's expertise in the hydropower sector and its competitiveness in securing large-scale projects in the power industry.

19Jul 25

Patel Engineering Secures ₹239.98 Crore NHPC Contract for Teesta-V Hydropower Project

Patel Engineering Limited (PEL) has been awarded a ₹239.98 crore contract by NHPC Ltd for civil and hydro mechanical works at the Teesta-V power station in Sikkim. The project involves modifying a diversion tunnel into a tunnel spillway arrangement and includes construction of various structures. Set to be completed in 18 months, this contract follows PEL's recent ₹1,318.89 crore Kondhane Dam project win. The company's shares closed at ₹39.50 on the BSE, down 1.08%.

03Jul 25

Patel Engineering to Raise ₹200 Crore Through NCD Issuance

Patel Engineering Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹200 crore through private placement. The NCDs are scheduled to be issued in FY26 (2025-2026). This move is part of the company's financial strategy to raise capital without diluting existing shareholders' equity.

26May 25

Patel Engineering JV Secures Rs 958 Crore Pipeline Project in Maharashtra

Patel Engineering's joint venture has won a Rs 958 crore contract from Maharashtra Krishna Valley Development Corp for a pipeline distribution network in Kalaj village. The project includes construction, operations, repairs, and maintenance for five years post-completion. Patel Engineering holds a 20% stake in the joint venture, amounting to approximately Rs 191.60 crore of the total contract value.

23May 25

Patel Engineering JV Secures Rs 958.33 Crore Irrigation Project

Patel Engineering, in collaboration with a joint venture partner, has been awarded an irrigation project worth Rs 958.33 crore. The company's share in the project amounts to Rs 191.67 crore. This contract win reinforces Patel Engineering's position in the infrastructure sector, particularly in water resource management. The project is expected to contribute significantly to the company's order book and revenue stream, while also playing a role in enhancing agricultural productivity and water management in the region.

21May 25

Patel Engineering Secures ₹711.29 Crore Hydropower Project in Arunachal Pradesh from NEEPCO

Patel Engineering Ltd has been awarded a ₹711.29 crore contract by NEEPCO for a 240 MW hydropower project in Arunachal Pradesh. The project scope includes civil infrastructure and hydro-mechanical works, with a 44-month completion timeline. This contract aligns with India's renewable energy goals and strengthens Patel Engineering's position in the hydropower construction market.

13May 25

Patel Engineering Reports Mixed Q4 Results: Revenue Up, Profits Down Significantly

Patel Engineering's Q4 FY2023 results show a 19% increase in total income to ₹1637.20 crore, but a 75.40% decrease in net profit to ₹34.70 crore. The profit decline is attributed to higher provisions, including ₹87.10 crore for impairment and write-offs. Despite profitability challenges, the company maintains a strong order book of ₹15218.00 crore, with additional orders worth ₹2500.00 crore secured.

12May 25

Patel Engineering to Announce Q4 and FY25 Results on May 13

Patel Engineering Ltd. will disclose its Q4 and full fiscal year 2025 financial results on May 13, 2025. The board meeting to review and approve the audited standalone and consolidated results is scheduled for the same day. An earnings call with investors will follow at 5:00 PM. The company has implemented a trading window closure for insiders from April 1, 2025, until 48 hours after the results declaration.

06May 25

Patel Engineering Secures ₹1,319 Crore Kondhane Dam Construction Project from CIDCO

Patel Engineering Ltd (PEL) has been awarded a ₹1,318.89 crore contract by CIDCO for the construction of Kondhane Dam in Maharashtra. The project, to be completed in 42 months, involves building a 1,209-meter long and 83-meter high dam using Roller Compacted Concrete Technology. This contract follows PEL's recent success in becoming the lowest bidder for a ₹718.00 crore hydropower project in Arunachal Pradesh, showcasing the company's strong position in the infrastructure sector.

25Apr 25

Patel Engineering Secures Two Major Projects Worth ₹2,037 Crore, Boosting Order Book

Patel Engineering Ltd has won two major infrastructure projects totaling ₹2,037 crore. The company secured a ₹718 crore contract from NEEPCO for a 240 MW hydroelectric project in Arunachal Pradesh, and a ₹1,318.89 crore contract from CIDCO for the construction of Kondhane Dam in Maharashtra. These projects, representing about 55% of the company's current market capitalization, are expected to boost Patel Engineering's revenue and growth prospects.

19Feb 25

Patel Engineering Secures Rs 1,090-Crore Irrigation Project, Shares Surge

Patel Engineering's joint venture has secured a Rs 1,090.45 crore irrigation project in Maharashtra's Satara district. The project involves constructing a pipeline distribution network for the Nira Deoghar Right Bank Main Canal, with a 36-month completion timeline. Patel Engineering holds a 20% share in the joint venture. The news positively impacted the company's stock, which rose up to 3.7% in early trading, reflecting investor optimism about the company's growing order book and future prospects.