Patel Engineering rises on emerging as lowest Bidder for HEO Hydro Electric Project in Arunachal Pradesh
Patel Engineering is currently trading at Rs. 44.95, up by 0.60 points or 1.35% from its previous closing of Rs. 44.35 on the BSE.
The scrip opened at Rs. 47.35 and has touched a high and low of Rs. 48.22 and Rs. 44.90 respectively. So far 442138 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 74.38 on 19-Jun-2024 and a 52 week low of Rs. 33.65 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 48.22 and Rs. 42.00 respectively. The current market cap of the company is Rs. 3917.91 crore.
The promoters holding in the company stood at 36.11%, while Institutions and Non-Institutions held 9.69% and 54.19% respectively.
Patel Engineering has been declared as lowest Bidder (L1) for Rs 718 crore (including tax) contract for the 240 MW HEO Hydro Electric Project located in Arunachal Pradesh from NEEPCO. The project, expected to generate 1,000 million units (MU) of energy annually, aims to improve power supply in the state and contribute to the balancing of the national grid. The project is to be completed in a period of 44 months.
The Scope of Works include construction of civil and associated infrastructure works, testing & commissioning of hydro-mechanical plant & machinery leading to successful operation and performance of all the generating units of the 240 MW HEO Hydro Electric Project.
Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.
