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Patel Engineering Limited ( (IN:PATELENG) ) just unveiled an announcement.
Patel Engineering Limited has been declared the lowest bidder for a significant urban infrastructure project worth Rs. 1,318.89 crore from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO). The project involves the construction of the Kondhane Dam and its allied works using Roller Compacted Concrete Technology, to be completed over 42 months. This contract enhances Patel Engineering’s portfolio and strengthens its position in the infrastructure sector, particularly in Maharashtra, potentially benefiting stakeholders through increased project execution and revenue opportunities.
More about Patel Engineering Limited
Patel Engineering Ltd. is a 76-year-old company established in 1949, with a strong presence in the hydropower, tunneling, and irrigation sectors. It has a consistent track record of executing projects both domestically and internationally, having completed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunneling for clients, mainly central PSUs or state government organizations.
YTD Price Performance: -16.30%
Average Trading Volume: 491,534
Current Market Cap: 36.81B INR
For detailed information about PATELENG stock, go to TipRanks’ Stock Analysis page.