Patel Engineering’s joint venture secures a **Rs 126.37-crore contract** for the Tasgaon Lift Irrigation Scheme in Maharashtra. The company’s stock climbs **1.76%** following the award announcement. The project targets water infrastructure development in the state.
Patel Engineering secures a **Rs 1,593.08 crore** contract for a hydroelectric project in Nepal’s **Sankhuwasabha District**. The deal marks the company’s entry into Nepal’s renewable energy sector, focusing on large-scale infrastructure development. The project aligns with regional efforts to expand clean energy capacity.
Patel Engineering Ltd reports a **95.05% increase in consolidated net profit after tax**, reaching **Rs 73.44 crore** for the quarter ended September 30, 2024. The surge marks a significant improvement in financial performance. The company’s earnings growth reflects strong operational or market conditions during this period.
Patel Engineering wins a **Rs 317.60 crore** contract for water lifting infrastructure as part of the **Jigaon project’s first-stage submergence work** in Maharashtra. The firm collaborates with a joint venture partner to deliver the civil and mechanical systems required for flood mitigation. The project aligns with regional efforts to manage water resources amid rising submergence risks.
