Patel Engineering Wins Rs 910-Crore Renuka Ji Dam Contract from HPPCL

Patel Engineering Limited ( (IN:PATELENG) ) just unveiled an update.

Patel Engineering Limited has secured a Letter of Award from Himachal Pradesh Power Corporation Limited for Package-1 of the Renuka Ji Dam Project in Himachal Pradesh, a contract valued at Rs. 910.08 crore including GST. The award follows the firm’s earlier designation as the lowest bidder and formalizes the start of work on a 30-month schedule.

Under this package, the company will construct three large diversion tunnels, associated inlet and outlet structures, around six kilometres of approach and access roads, and install hydro-mechanical, instrumentation and monitoring systems to manage and safeguard water flow. Management described the win as a key milestone that underscores client confidence in Patel Engineering’s ability to deliver complex infrastructure and highlighted its strategic importance for India’s water security and renewable energy development.

More about Patel Engineering Limited

Patel Engineering Limited is a 76-year-old Mumbai-based infrastructure company with a strong presence in hydropower, tunnelling and irrigation projects. The company has a proven track record in India and overseas, having completed more than 85 dams, 40 hydroelectric projects and over 300 kilometres of tunnelling, largely for central public-sector undertakings and state government entities.

Its portfolio positions Patel Engineering as a key contractor in complex water and power infrastructure, underpinning its role in supporting national priorities such as water security, renewable energy and large-scale civil works. This focus on technically demanding projects reinforces its niche within the broader infrastructure and construction industry.

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Current Market Cap: 23.68B INR

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