Patel Engineering Ltd

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. Powered by Capital Market - Live

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.Powered by Capital Market - Live

The contract, valued at Rs 910.08 crore, was earlier secured after the company was declared the lowest bidder (L1) for the project. The project is located at Village Dadahu, Tehsil Renuka, District Sirmaur, and is scheduled to be completed within 30 months. The scope of work includes construction of three diversion tunnels of 9.5-meter diameter with lengths ranging from 1.3 km to 1.6 km, along with inlet and outlet structures, development of around 6 km of approach and access roads, and installation of hydro-mechanical systems. The project also includes instrumentation and monitoring systems to ensure operational safety and reliability. The company said the order is in the normal course of business and does not constitute unpublished price-sensitive information (UPSI), as the L1 status was disclosed earlier. Kavita Shirvairkar, managing director of Patel Engineering, said, 'Receiving the Letter of Award for the Renuka Ji Dam Project is a proud milestone for Patel Engineering. Having earlier been declared the L1 bidder, this award reflects the confidence HPPCL has placed in our ability to deliver complex infrastructure with precision and reliability. It is both an opportunity and a responsibility'to transform vision into reality, strengthen India's water security, and support renewable energy development. We are committed to executing this project on schedule with the highest standards of quality, safety, and innovation, while creating lasting value for communities and contributing meaningfully to the nation's growth story.' 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. Shares of Patel Engineering shed 0.36% to Rs 24.87 on the BSE.Powered by Capital Market - Live

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