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Construction, Small Cap

This contract entails the construction of a reinforced cement concrete (RCC) protection wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in the city of Khammam, located in Khammam District.

Additionally, the contract includes construction of embankments of 2 kilometers each on side of the River Munneru near the Nagarjuna Sagar left bank aqueduct in Khammam city, further emphasizing the project's comprehensive approach to enhancing the area's irrigation infrastructure and water management systems.

The company being 51% partner in the JV, its share in the project is Rs 267.93 crore. The project is to be completed in 24 months.

Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects.

The company reported consolidated net profit of Rs 68.83 crore in Q3 FY24 steeply higher than Rs 24.34 crore recorded in Q3 FY23. Net sales jumped by 11% year on year to Rs 1,061.01 crore in Q3 FY24 over Q3 FY23.

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Patel Engineering (PEL), in collaboration with its joint venture partner, has been awarded the Letter of Acceptance (LOA) by the Irrigation & CAD Department, Government of Telangana for a contract valued at Rs. 525.36 crore.

This contract entails the construction of a Reinforced Cement Concrete (RCC) Protection Wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in the city of Khammam, located in Khammam District.

Additionally, the contract includes the construction of embankments of 2 kilometers each on either side of the River Munneru near the Nagarjuna Sagar Left Bank Aqueduct in Khammam City, further emphasizing the project's comprehensive approach to enhancing the area's irrigation infrastructure and water management systems.

Powered by Capital Market - Live News

This contract entails the construction of a reinforced cement concrete (RCC) protection wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in the city of Khammam, located in Khammam District.

Additionally, the contract includes construction of embankments of 2 kilometers each on side of the River Munneru near the Nagarjuna Sagar left bank aqueduct in Khammam city, further emphasizing the project's comprehensive approach to enhancing the area's irrigation infrastructure and water management systems.

The company being 51% partner in the JV, its share in the project is Rs 267.93 crore. The project is to be completed in 24 months.

Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects.

The company reported consolidated net profit of Rs 68.83 crore in Q3 FY24 steeply higher than Rs 24.34 crore recorded in Q3 FY23. Net sales jumped by 11% year on year to Rs 1,061.01 crore in Q3 FY24 over Q3 FY23.

The scrip shed 0.35% to settle at Rs 68 on the BSE.

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Irrigation & CAD Department, Government of Telangana has declared Patel Engineering (PEL) along with its JV Partner as L1 for a Rs. 525.36 crore contract for the works involving Construction of RCC Protection Wall along River Munneru on right side and left side flanks between Polepally and Prakashnagar in Khammam City, Khammam District.

The project is to be completed in a period of 24 months. The said project is located in the state of Telangana and the project is to be executed in a Joint Venture, of which PEL's share is 51%.

The scope of work involves Construction of RCC Protection wall of 8.5 Km each on Right side and Left side of flanks along River Munneru between Polepally to Prakashnagar in Khammam City and Embankment of 2 Km each on either side of River Munneru near Nagarjuna sagar Left Bank Aqueduct in Khammam city.

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