Patel Engineering Ltd

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. Powered by Capital Market - Live

The scope of works under this package comprises the construction of three diversion tunnels, each with a diameter of 9.5 meters and lengths of 1379 meters, 1468 meters, and 1590 meters respectively. The package also covers the development of three inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometers. 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. The Renuka Ji Dam Project is a critical initiative aimed at enhancing water storage capacity, ensuring reliable water supply, and supporting hydropower generation. The order, valued at Rs 910 crore, is scheduled to be completed within 30 months. Kavita Shirvaikar, managing director, Patel Engineering said: Being declared the L1 bidder for the Renuka Ji Dam Project is a proud milestone for us, reaffirming our strong capabilities in delivering large-scale infrastructure projects and our role as a trusted partner in India's growth journey. This project not only strengthens our portfolio but also positions us to contribute meaningfully to sustainable water management and hydropower development. Looking ahead, we remain committed to leveraging innovation, engineering excellence, and execution efficiency to deliver projects that create lasting value for communities and drive the nation's infrastructure forward. 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.Powered by Capital Market - Live

Net profit of Patel Engineering declined 11.82% to Rs 70.35 crore in the quarter ended December 2025 as against Rs 79.78 crore during the previous quarter ended December 2024. Sales rose 2.81% to Rs 1239.35 crore in the quarter ended December 2025 as against Rs 1205.52 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1239.351205.52 3 OPM %11.6815.26 - PBDT106.31163.40 -35 PBT80.03139.19 -43 NP70.3579.78 -12 Powered by Capital Market - Live

Patel Engineering will hold a meeting of the Board of Directors of the Company on 14 February 2026.Powered by Capital Market - Live

The Gongri Hydroelectric Project, located near Dirang town on the Gongri river, a tributary of the Bichom river in the Kameng basin, had been previously terminated but was revived under the 'Arunachal Pradesh Restoration of Terminated Large Hydropower Policy under Special Circumstances, 2025.' It is the first project reinstated under this framework. The total project cost was estimated at Rs 1,700 crore, with a planned completion timeline of four years. The revival aligned with Arunachal Pradesh's 'Decade of Hydropower' initiative, aimed at positioning hydropower as a key contributor to the state economy while promoting employment, infrastructure development, and sustainable growth. Under the MoU, Patel Engineering undertook the project's entire lifecycle, including preparation and validation of the Detailed Project Report (DPR), design and engineering of the hydroelectric system, procurement of electro-mechanical equipment, construction of the dam and powerhouse, installation and commissioning of turbines and generators, and development of transmission infrastructure. The company also committed to overseeing operations and maintenance post-commissioning. The project was to be implemented on a BOOT (Build-Own-Operate-Transfer) basis for a 40-year lease period, after which ownership and operational control would revert to the Government of Arunachal Pradesh. 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. On a consolidated basis, net profit of Patel Engineering declined 2.72% to Rs 71.05 crore while net sales rose 2.91% to Rs 1208.47 crore in Q2 September 2025 over Q2 September 2024. Powered by Capital Market - Live

The mandates have been awarded by Saidax Engineers and Infrastructure for work carried out on behalf of South Eastern Coalfields. The combined project value stands at Rs 798.19 crore. The scope covers overburden removal, rehandling, coal cutting with surface miners, loading and transportation of coal and the hiring and maintenance of all required equipment, staff and labour. The execution period is nine years. The company confirmed that the orders are from a domestic entity and do not fall under related-party transactions. Managing director Kavita Shirvaikar said: These new projects represents a natural extension of the large-scale infrastructure works we undertake and also open up new avenues. Importantly, these works come in addition to a robust tender pipeline of more than Rs 34,000 crore already bid and under evaluation, as well as further opportunities worth Rs 18,000 crore expected to come up for bidding before the end of this financial year. Looking ahead, nearly Rs 1 lakh crore of projects are anticipated to come up for bidding over the next one to two years in the core areas that we operate. With these opportunities, we are confident that our order book will grow substantially in the coming year and beyond. 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. On a consolidated basis, net profit of Patel Engineering declined 2.72% to Rs 71.05 crore while net sales rose 2.91% to Rs 1208.47 crore in Q2 September 2025 over Q2 September 2024. Powered by Capital Market - Live

Ganesh Housing Ltd, Gujarat Mineral Development Corporation Ltd, Tejas Networks Ltd and Ashok Leyland Ltd are among the other gainers in the BSE's 'A' group today, 27 November 2025.Patel Engineering Ltd soared 13.66% to Rs 37.69 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 114.5 lakh shares were traded on the counter so far as against the average daily volumes of 1.69 lakh shares in the past one month. Ganesh Housing Ltd spiked 8.87% to Rs 873.55. The stock was the second biggest gainer in 'A' group. On the BSE, 1.88 lakh shares were traded on the counter so far as against the average daily volumes of 3129 shares in the past one month. Gujarat Mineral Development Corporation Ltd surged 8.16% to Rs 570.5. The stock was the third biggest gainer in 'A' group. On the BSE, 22.59 lakh shares were traded on the counter so far as against the average daily volumes of 2.3 lakh shares in the past one month. Tejas Networks Ltd exploded 5.96% to Rs 510. The stock was the fourth biggest gainer in 'A' group. On the BSE, 2.06 lakh shares were traded on the counter so far as against the average daily volumes of 75613 shares in the past one month. Ashok Leyland Ltd added 5.40% to Rs 157. The stock was the fifth biggest gainer in 'A' group. On the BSE, 66.37 lakh shares were traded on the counter so far as against the average daily volumes of 10 lakh shares in the past one month. Powered by Capital Market - Live

Patel Engineering will hold a meeting of the Board of Directors of the Company on 28 November 2025.Powered by Capital Market - Live

Net profit of Patel Engineering declined 2.72% to Rs 71.05 crore in the quarter ended September 2025 as against Rs 73.04 crore during the previous quarter ended September 2024. Sales rose 2.91% to Rs 1208.47 crore in the quarter ended September 2025 as against Rs 1174.33 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1208.471174.33 3 OPM %13.1313.81 - PBDT145.84139.55 5 PBT119.64115.83 3 NP71.0573.04 -3 Powered by Capital Market - Live

Patel Engineering will hold a meeting of the Board of Directors of the Company on 13 November 2025.Powered by Capital Market - Live