Patel Engineering Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Dorjlung Hydro Power (DHPL) [JV between Druk Green Power Corporation (DGPC), Bhutan & Tata Power Company (TPCL), India] has issued the LOA to a Mumbai based infrastructure company, Patel Engineering (Company or PEL), for a BTN/INR 230.70 crore (excluding taxes) contract for Package I: Pre Construction Works of the prestigious 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan.

The Dorjilung Hydroelectric Power Project is a landmark initiative in Bhutan's energy sector, and is Bhutan's largest hydro project under the Public-Private Partnership (PPP) model, designed to fully support the nation's domestic energy aspirations while enabling the export of surplus clean power to India, thereby strengthening regional energy security. Patel Engineering Ltd. recognizes the strategic importance of this project and is proud to play a role in its execution.

Under Package I, PEL will execute the civil and hydromechanical works for the Dorjilung Hydroelectric Power Project. The scope includes construction of two diversion tunnels of 11.0 m diameter with lengths of 930 m and 821 m, an intermediate adit of 7 m finished diameter and 116 m length, and a highway road tunnel of D-shaped cross section measuring 11 m ? 7.5 m and 500 m in length. Additionally, the package covers hydromechanical works comprising four sets of vertical lift fixed wheel gates.

The construction period is set at 300 days, with a Defects Notification Period of one year. The project site is strategically located about 7 km from Autsho town in Mongar Dzongkhag, Bhutan, making it a critical infrastructure development in the region.

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Patel Engineering has received the Letter of Award (LoA) from Himachal Pradesh Power Corporation (HPPCL) for the prestigious Renuka Ji Dam Project (Package-1), valued at Rs. 910.08 crore including GST. The Company had earlier been declared the Lowest Bidder (L1) for this project, and the receipt of the LoA marks the formal commencement of this significant engagement.

The project, located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh, is scheduled to be completed within a timeline of 30 months.

Under this package, Patel Engineering will undertake the construction of three major diversion tunnels, each designed with a diameter of 9.5 meters and extending over lengths ranging from 1.3 to 1.6 kilometers. The works also encompass the creation of inlet and outlet structures for these tunnels, development of approximately 6 kilometers of approach and access roads, and installation of advanced hydro-mechanical systems to regulate water flow. Additionally, the project scope includes comprehensive instrumentation and monitoring systems to ensure long term operational reliability and safety.

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The orders cover Structure Assembly, Head Assembly, Rotary Table & Electrical Accessories, Tool Changer, Additional Axis, and related accessories and are to be executed within approximately 15 days.

YOGI is a leading real estate developer. The company has revised its main business objective from providing advisory and consultancy services to undertaking real estate development.

The company?s consolidated net profit surged 1200% to Rs 1.87 crore on a 22503.8% zoom in total income to Rs 58.77 crore in Q3 FY26 over Q3 FY25.

Shares of YOGI rose 1.23% to close at Rs 164 on the BSE.

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Patel Engineering has been declared lowest bidder by Himachal Pradesh Power Corporation (HPPCL) for construction of Renukaji Dam Project (PKG 1) valued at Rs. 910.08 crore.

The project entails construction of three diversion tunnels, each with a diameter of 9.5 meters and lengths of 1379 meters, 1468 meters, and 1590 meters respectively.

It also includes the development of three inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometres.

In addition, the project involves the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works to ensure operational efficiency and safety.

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