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The latest update is out from Patel Engineering Limited ( (IN:PATELENG) ).
Patel Engineering Limited has disclosed that it is involved in a legal matter with the Central Bureau of Investigation (CBI), as the company and two of its officials have received summons related to a case under the Prevention of Corruption Act. Despite the ongoing litigation, the company has stated that there is no adverse order against them, and they have obtained interim bail. Patel Engineering maintains that the legal proceedings will not materially impact its operations, and it continues to function normally.
More about Patel Engineering Limited
Patel Engineering Limited operates in the engineering and construction industry, focusing on infrastructure development projects. The company is known for its expertise in executing complex civil engineering projects and has a significant presence in the Indian market.
YTD Price Performance: -23.09%
Average Trading Volume: 474,689
Current Market Cap: 33.83B INR
See more insights into PATELENG stock on TipRanks’ Stock Analysis page.