Patel Engineering Ltd Share Price – NSE  / BSE

Infrastructure Developers & Operators, Small Cap

In an exchange filing, the company said the order has been awarded by SJVN Lower Arun Power Development Company, a subsidiary of SJVN, for Package 2 of the 669 MW project located in the Sankhuwasabha district.

The project, to be executed over 54 months, involves critical civil and hydro-mechanical works, including the construction of tunnels, surge shafts, pressure shafts, powerhouse infrastructure, and associated systems.

The scope covers key components such as head race tunnels, access adits, pressure shafts, butterfly valve chambers, along with the installation of steel liners and other supporting infrastructure required for efficient water conveyance and power generation.

Commenting on the development, managing director Kavita Shirvairkar said, ?We are pleased to begin Q1 FY27 on a positive note, having been declared L1 for this important order of approximately Rs 1600 crore. Nepal holds immense hydroelectric potential, and the Lower Arun project is a significant step toward harnessing that energy for sustainable growth. For Patel Engineering Ltd., this award is not just about building infrastructure?it is about contributing to Nepal?s vision of energy independence and regional prosperity. With our ongoing work at the Arun-3 Hydropower project, just about 35 km away from the Lower Arun site, and our proven track record across India, we are committed to bringing world-class engineering and timely execution to Lower Arun, ensuring it becomes a benchmark for development in the region.?

Patel Engineering operates in the hydropower, tunneling, and irrigation segments. The company has executed projects in India and overseas, including more than 85 dams, 40 hydroelectric projects, and over 300 km of tunneling for central PSUs and state government agencies.

The company?s consolidated net profit declined 11.8% to Rs 70.35 crore despite a 2.8% increase in net sales to Rs 1,239.35 crore in Q3 FY26 over Q3 FY25.

Patel Engineering announce that it has been declared as Lowest Bidder (L1) by SJVN Lower Arun Power Development Company (P) (SLPDC), a wholly owned subsidiary of SJVN, for the Lower Arun Hydro-Electric Project (669 MW) Package 2 in the Sankhuwasabha District of Nepal, valued at Rs 1,593.08 crore (inclusive of VAT).

The Package-2, encompasses the execution of critical civil and hydro-mechanical works integral to the Lower Arun Hydro-Electric Project. This includes the construction of Adit-5 and Adit-6 leading to the Head Race Tunnel, as well as the Part Head Race Tunnel itself, measuring 10.5 meters in diameter and extending 5.41 kilometers. The scope further covers the Surge Shaft and its gates, the Pressure Shaft along with the Butterfly Valve Chamber and Access Adit, and the Power House, Switchyard, Surface Pothead Yard, and Tail Race Channel. Additionally, the package involves installation of steel liners for the Pressure Shafts, Draft Tube Gates and hoists, and the completion of associated road works and supporting infrastructure. Together, these components form the backbone of the project, ensuring efficient water conveyance, energy generation, and long-term operational reliability.

The project is scheduled to be completed within 54 months and the site is strategically located near Tumlingtar in Sankhuwasabha District of Nepal, approximately 264 km from Siliguri, India.

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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