25 Apr , 2025 By : Debdeep Gupta
Patel Engineering share price extended the gains on fifth consecutive session, rising 5 percent in the early trade on April 25 following the company declared as a lowest bidder (L1) for projects worth Rs 2,036.89.crore.
At 09:20 am, Patel Engineering Company was quoting at Rs 46.60, up Rs 2.25, or 5.07 percent, on the BSE.
NEEPCO has declared a Mumbai-based infrastructure company as L1 for a Rs 718 crore (including tax) contract for the 240 MW HEO Hydro Electric Project located in Arunachal Pradesh.
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 said project is located in the Shi Yomi district of Arunachal Pradesh and is to be completed in a period of 44 months.
The scope of works includes 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.
Also, the company declared lowest bidder for a Rs 1,318.89 crore contract for the “construction of Kondhane Dam and its allied works” using Roller Compacted Concrete Technology, from CIDCO.
The said project is located in the state of Maharashtra, Village – Kondhane, Taluka - Karjat, District – Raigad and to be completed in a period of 42 months.
The scope of works includes civil works for the dam construction having a length of 1209m and 83m height along its allied works as well as hydro mechanical and electrical works, including 3 radial gates and electrical & manual gate control and other electrification works.
The share touched a 52-week high of Rs 74.38 and a 52-week low of Rs 33.65 on 19 June 2024, and 07 April 2025, respectively.
Currently, the stock is trading 37.35 percent below its 52-week high and 38.48 percent above its 52-week low.
The market capitalisation stands at Rs 3,934.79 crore.
The share price declined 27 percent in the last one-year.
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