Patel Engineering Limited — Updates, 25-04-2025: Press Release

Patel Engineering Limited has been declared the lowest bidder (L1) for an urban infrastructure project valued at Rs. 1,318.89 crore by the City & Industrial Development Corporation of Maharashtra Limited (CIDCO). The contract involves the construction of the Kondhane Dam and its allied works using Roller Compacted Concrete Technology. The project, located in Maharashtra's Raigad district, is set for completion in 42 months and includes extensive civil works along with hydro-mechanical and electrical undertakings. This development positions Patel Engineering to enhance its portfolio in the infrastructure sector, indicating a positive outlook for future operations and revenue generation.