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2025-11-27 11:51:55 am | Source: Accord Fintech
Patel Engineering zooms on bagging two LoIs worth Rs 798.19 crore
Patel Engineering zooms on bagging two LoIs worth Rs 798.19 crore

Patel Engineering is currently trading at Rs. 38.00, up by 4.84 points or 14.60% from its previous closing of Rs. 33.16 on the BSE.

The scrip opened at Rs. 35.54 and has touched a high and low of Rs. 38.60 and Rs. 35.08 respectively. So far 10402675 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 59.50 on 16-Dec-2024 and a 52 week low of Rs. 31.60 on 25-Nov-2025.

Last one week high and low of the scrip stood at Rs. 38.60 and Rs. 31.60 respectively. The current market cap of the company is Rs. 3206.10 crore.

The promoters holding in the company stood at 36.11%, while Institutions and Non-Institutions held 7.28% and 56.61% respectively.

Patel Engineering has secured two Letter of Intents (LoI) from Saidax Engineers and Infrastructures for the execution of excavation and associated works and transportation of coal at a project located at Jhiria West OCP of Hasdeo Area, Bilaspur, Chhattisgarh, for South Eastern Coalfields (SECL). The total project value for both LoIs combined is Rs 798.19 crore (excluding taxes).

The combined scope of work includes Composite Work Overburden Removal including Rehandling, Coal Cutting by Surface Miner, Loading and Transportation of Coal as well as Hiring of all required plant and equipment, supply of required quantity of diesel and complete maintenance of plant and equipment, required staff and labour for execution of works.

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.

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