Patel Engineering Limited — Updates, 18-02-2025: Press Release

Patel Engineering Limited has secured its position as the lowest bidder for an irrigation project valued at ₹1,090.45 Cr, awarded by Maharashtra Krishna Valley Development Corporation. The company's share in this joint venture contract is ₹218.09 Cr. This project, which entails constructing a Pipeline Distribution Network for the Nira Deoghar Right Bank Main Canal, will be executed over a period of 36 months in the Satara district of Maharashtra.

The project scope includes various construction tasks such as excavation, pipe laying, and infrastructure provisions, along with a 5-year Operations, Repairs, and Maintenance phase post-completion. Patel Engineering’s strong track record in hydropower, tunneling, and irrigation segments positions it favorably for successful project execution. This development can be viewed as a positive outlook for the company's ongoing growth and operational capabilities.