Patel Engineering Ltd

Maharashtra Krishna Valley Development Corporation, Pune has awarded a contract valued at Rs. 958.33 crore to Patel Engineering along with its JV partner, for the construction of Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal KM 87 to 135 and its Distributaries, Minor off taking between KM 65 to KM 135. The project, scheduled for completion within a period of 36 months, is located in the state of Maharashtra, in Village Kalaj, Taluka Phaltan, District Satara. It will be executed through a Joint Venture, in which the company's share is 20%. The scope of works includes construction of Pipe Distribution Network involving excavation & refilling for pipe trenches, structures providing, supplying, jointing, lowering, laying of pipes, various types of valves, chambers and outlets, testing Pipeline with all valves, outlets, etc. with an Operations, Repairs and Maintenance period for 5 years after completion of works.Powered by Capital Market - Live

The project involves the construction of a pipe distribution network for the Nira Deoghar Right Bank Main Canal, from kilometer 87 to 135, including distributaries and minor canals between kilometers 65 and 135. The scope of work includes excavation and refilling of pipe trenches, construction of structures, supply, jointing, lowering, and laying of pipes, installation of various valves, chambers, and outlets. It also includes testing of the pipeline system along with a five-year Operations, Repairs, and Maintenance (O&M) period post-completion. The company was previously declared the L1 (lowest bidder) for this infrastructure project, which is scheduled for completion within 36 months. The work will be carried out in Village Kalaj, Taluka Phaltan, District Satara, Maharashtra. The project will be executed through a joint venture, in which Patel Engineering holds a 20% stake. Kavita Shirvaikar, managing director, Patel Engineering said, 'We are pleased to have been awarded this project by the Maharashtra Krishna Valley Development Corporation. This project represents a significant step forward in enhancing irrigation infrastructure in the region and will play a crucial role in improving agricultural productivity and water management efficiency. At Patel Engineering, we view this as more than just a construction project'it is a long-term investment in the prosperity of rural communities and the resilience of our agricultural ecosystem.' Patel Engineering is a 76-year-old company, established in 1949, that has evolved into a leading construction firm specializing in the hydropower and irrigation sectors. The company is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other types of heavy civil engineering works. It has executed a wide range of infrastructure projects in technology-intensive areas such as hydropower, irrigation and water supply, urban infrastructure, and transportation'particularly in tunnels and underground works for hydroelectric and transportation projects'primarily serving as a civil contractor. The counter shed 0.48% to Rs 41.73 on the BSE. Powered by Capital Market - Live

Patel Engineering announced that Maharashtra Krishna Valley Development Corporation, Pune has awarded a contract valued at Rs. 958.33 crore to the company along with its JV partner, for the construction of Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal KM 87 to 135 and its Distributaries, Minor off taking between KM 65 to KM 135. PEL had earlier been declared L1 (lowest bidder) for this project. The project, scheduled for completion within a period of 36 months, is located in the state of Maharashtra, in Village Kalaj, Taluka Phaltan, District Satara. It will be executed through a Joint Venture, in which PEL's share is 20%. The scope of works includes construction of Pipe Distribution Network involving excavation & refilling for pipe trenches, structures providing, supplying, jointing, lowering, laying of pipes, various types of valves, chambers and outlets, testing Pipeline with all valves, outlets, etc. with an Operations, Repairs and Maintenance period for 5 years after completion of works.Powered by Capital Market - Live

As per the terms of the contract, the company would construct a 240 MW HEO hydropower project located in Arunachal Pradesh under EPC Mode. The scope of work includes construction of civil and associated infrastructure works, testing & commissioning of hydro-mechanical plant & machinery leading to successful operation and performance of all the generating units of the hydro electric project. PEL had earlier been declared L1 (lowest bidder) for this project. The said project is located in the Shi Yomi district of Arunachal Pradesh and is scheduled to be completed within 44 months. Kavita Shirvaikar, managing director, Patel Engineering, said: We are proud to have been awarded the HEO Hydropower project from NEEPCO. This order further cements our position as a trusted partner for building critical infrastructure for India's power sector and strengthens our position in the North-East. Arunachal Pradesh with its vast and largely untapped hydropower potential, is emerging as a key region in India's renewable energy landscape. Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works. Powered by Capital Market - Live

NEEPCO has awarded a contract valued at Rs. 711.29 crore to Patel Engineering for the construction of the 240 MW HEO Hydropower Project located in Arunachal Pradesh under EPC Mode. PEL had earlier been declared L1 (lowest bidder) for this project. The said project is located in the Shi Yomi district of Arunachal Pradesh, and is scheduled to be completed within 44 months. The Scope of Works include construction of Civil and associated infrastructure works, testing & commissioning of Hydro-mechanical Plant & Machinery leading to successful operation and performance of all the Generating Units of the 240 MW HEO Hydro Electric Project.Powered by Capital Market - Live

Patel Engineering has appointed Rajnish Ved, General Manager- Insurance, as Senior Management Personnel (SMP) of the Company with effect from 13 May 2025. Powered by Capital Market - Live

Net profit of Patel Engineering declined 71.43% to Rs 35.80 crore in the quarter ended March 2025 as against Rs 125.29 crore during the previous quarter ended March 2024. Sales rose 20.00% to Rs 1611.86 crore in the quarter ended March 2025 as against Rs 1343.18 crore during the previous quarter ended March 2024. For the full year,net profit declined 10.26% to Rs 242.11 crore in the year ended March 2025 as against Rs 269.79 crore during the previous year ended March 2024. Sales rose 12.09% to Rs 5093.36 crore in the year ended March 2025 as against Rs 4544.11 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales1611.861343.18 20 5093.364544.11 12 OPM %13.5517.69 -14.4015.19 - PBDT164.92175.67 -6 577.04417.10 38 PBT138.98146.64 -5 477.25319.49 49 NP35.80125.29 -71 242.11269.79 -10 Powered by Capital Market - Live

Revenue from operations was at Rs 1,611.9 crore in Q4 FY25, marking a growth of 20% YoY compared to Rs 1,343.2 crore recorded in Q4 FY24. Profit before tax tumbled 72.71% to Rs 51.86 crore in Q4 FY25, compared to Rs 190.09 crore posted in the corresponding quarter previous year. Operating EBITDA slipped 8.09% YoY to Rs 218.34 crore in Q4 March 2025. Operating EBITDA margin stood at 13.55% in Q4 FY25, lower than 17.69% in Q4 FY24. The company's order book as on 31 March 2025 stood at 15,218 crore. Commenting on the results, Kavita Shirvaikar, MD, said, 'We are happy to present a strong set of numbers with revenues surpassing Rs 5,000 crore for the first time this year demonstrating the company's ability to drive consistent growth while enhancing operational efficiency. The company has a healthy order book of Rs 15,218 crore as of 31 March 2025 and further has orders of around Rs 2,500 crore which are declared L1 / received subsequently. Looking ahead, we are encouraged by the government's continued emphasis on renewable energy and reducing carbon emissions and their resilient momentum to boost hydropower, pumped storage and tunneling projects in which we have a strong presence. We remain confident that our execution strength, combined with sectoral momentum, will enable us to grow sustainably and deliver long-term value to all our stakeholders.' Commenting on the results, Rahul Agrawal, CFO, said, 'Our growth in revenues reflects the resilience of our business model, disciplined execution, efficient capital allocation, and continued focus on operational excellence. The significant reduction in debt and interest costs for the year has enabled us to improve our credit rating, giving confidence to all stakeholders. The infrastructure sector has been witnessing tremendous growth in the last few years and we remain optimistic on a bright future ahead for the company. Our strong financial foundation and solid order pipeline provide the buoyancy and capacity to support the next phase of operational expansion and sustainable growth.' Patel Engineering is a 76-year-old company established in the year 1949 that has evolved as a construction company specializing in the hydropower and irrigation segments. We are engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works and have executed a variety of infrastructure projects in the technology-intensive areas like hydropower, irrigation and water supply, urban infrastructure, and transportation segments, especially in tunnels and underground works for hydroelectric and transportation projects, primarily as civil contractors. Powered by Capital Market - Live

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

The company had earlier been declared the L1 (lowest bidder) for this project. The project is located in Village Kondhane, Taluka Karjat, District Raigad in the state of Maharashtra, and is scheduled to be completed within 42 months. The project would be executed using Roller Compacted Concrete (RCC) Technology. The scope of works includes civil works for the dam construction having a length of 1209m and 83m height along it's allied works as well as hydro mechanical and electrical works including 3 radial gates and electrical & manual gate control and other electrification works. Kavita Shirvaikar, managing director, Patel Engineering, said: 'We are pleased to have been awarded the Kondhane Dam project by CIDCO, which marks a strong start to FY26 for Patel Engineering. This project is a testament to our proven capabilities in delivering complex infrastructure works, especially in dam construction using advanced technologies like roller compacted concrete.' Patel Engineering is a construction company specializing in the hydropower and irrigation segments. It is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other kinds of heavy civil engineering works. The company's consolidated net profit rose 14.49% to Rs 80.42 crore on a 13.61% increase in revenue from operations to Rs 1,205.5 crore in Q3 FY25 as compared with Q3 FY24. Powered by Capital Market - Live