Patel Engineering and JV Secure ₹640Cr Order, Company’s Share ₹512Cr

Patel Engineering and JV Secure ₹640Cr Order, Company's Share ₹512Cr

Patel Engineering and its joint venture partner have secured a significant project in the hydropower and irrigation sector. The Department of Water Resources, Madhya Pradesh, has awarded the Rihand Micro Irrigation Project to the company, which was declared L1 earlier.

The construction project, which is worth Rs. 640 Cr, involves the development of a pressure irrigation system to supply water through the Rising/Gravity mains by pressurized pipeline system for micro irrigation in the State of Madhya Pradesh. The contract has been awarded on an EPC turnkey basis, and the construction is expected to be completed within 36 months.

As an 80% partner in the joint venture, Patel Engineering Limited’s share in the project is Rs. 512 Cr. The company’s specialized expertise in the hydropower and irrigation sector is expected to play a crucial role in the successful completion of the Rihand Micro Irrigation Project.

This latest development is a significant milestone for Patel Engineering Limited and its joint venture partner. The successful completion of the Rihand Micro Irrigation Project will further cement the company’s reputation as a leading civil construction company in the industry.

About Patel Engineering:

Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport.

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