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Patel Engineering is currently trading at Rs. 55.00, up by 1.49 points or 2.78% from its previous closing of Rs. 53.51 on the BSE.

The scrip opened at Rs. 55.17 and has touched a high and low of Rs. 57.25 and Rs. 54.86 respectively. So far 669977 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.00 on 06-Feb-2024 and a 52 week low of Rs. 41.99 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 60.77 and Rs. 52.76 respectively. The current market cap of the company is Rs. 4639.00 crore.

The promoters holding in the company stood at 36.11%, while Institutions and Non-Institutions held 9.90% and 53.99% respectively.

Patel Engineering (PEL) along with its Joint Venture (JV) Partner has bagged contract worth Rs 317.60 crore from the Office of the Executive Engineer, Government of Maharashtra for the works involving Construction of water lifting arrangement work for first stage from submergence of Jigaon project including Civil, Mechanical, Electrical component & allied works. The project is to be completed in a period of 24 months.

The said project is located in the State of Maharashtra and the project is to be executed in a Joint Venture, of which PEL’s share is 35%. The scope of work involves Construction of water lifting arrangement work for LIS 1 to 12 of first stage from submergence of Jigaon project including approach channel, Rising Main, Pumping Machinery, Switchyard and all allied works of Civil, Mechanical, Electrical component.

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.