Patel Engineering Limited, a civil construction Company specialized in the hydropower and irrigation sector, today announced that, the Company along with the JV Partner has received letter of award for Urban Infrastructure Development Project of Rs. 1,275.30 crores from Madhya Pradesh Jal Nigam, which was declared as L1 earlier.
The Company being 35% partner in the JV, our share in the project is Rs. 446.36 crores.
Rupen Patel, Chairman & Managing Director, Patel Engineering said “I am looking forward to the prestigious Urban Infrastructure Development Project from Madhya Pradesh, Jal Nigam and leveraging our strategic partnership to ensure the project's success and highlight the company’s dedication to contributing to the development of Madhya Pradesh's urban infrastructure. This project will have a positive impact on the company's growth trajectory and demonstrate our technical prowess and engineering skills along with excellent execution capabilities.”
Patel Engineering Ltd. (‘PEL’ or ‘Company’), is a 73-years old company established in the year 1949 and have evolved as a construction company specializing in the hydro power generation 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 and have executed a variety of infrastructure projects in the hydro power, irrigation and water supply, urban infrastructure and transportation segments primarily as civil contractors. It has presence in various technology intensive areas like hydro, irrigation and water supply, urban infrastructure and transport especially in tunnels and underground works for hydroelectric and transportation projects.
