Introduction:
Leading engineering firm, in a joint venture, has been declared the lowest bidder for a ₹1,090.45 crore irrigation project by Maharashtra Krishna Valley Development Corporation. The project involves constructing a pipeline distribution network and will be completed in 36 months.
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Share price movement of Patel Engineering:
On February 18, 2025, Patel Engineering Ltd.opened at ₹44.75, down 1.73% from its previous close of ₹44.52. The stock hit a high of ₹45.18 and a low of ₹43.31. By 10:06 AM, it traded at ₹43.75, with a market cap of ₹3,694.15 crore.
Patel Engineering JV Wins ₹1,090 Cr Project:
Mumbai-based infrastructure firm Patel Engineering Ltd., in a joint venture, has been declared the lowest bidder (L1) for a ₹1,090.45 crore irrigation project by Maharashtra Krishna Valley Development Corporation. Patel Engineering’s share in the contract stands at ₹218.09 crore.
The project involves constructing a Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal from Km 87 to Km 135, including distributaries and minors. Located in Satara, Maharashtra, the project must be completed within 36 months, with a five-year maintenance period.
The scope includes excavation, refilling, pipe laying, installation of valves, chambers, and outlets, along with testing and commissioning. Patel Engineering’s expertise in infrastructure development reinforces its position in the sector, strengthening its order book with this latest contract win.
Recent news on Patel Engineering:
As of February 12, 2025, Patel Engineering Ltd. reported a 14.49% rise in net profit to ₹80.24 crore for Q3 FY25, driven by higher income. Total income increased to ₹1,265 crore, while expenses stood at ₹1,125 crore.
Ace investor holding in Patel Engineering:
Anil Vishanji Dedhia
Anil Vishanji Dedhia holds a 1.11% stake in Patel Engineering Ltd., owning 9,331,000 shares valued at ₹40.8 crore. His investment highlights confidence in the company’s growth prospects and strengthens its position in the infrastructure and engineering sector.
Stock performance of Patel Engineering for Period of 1 week, 6 months and 1 year:
Patel Engineering Ltd.’s stock delivered a 0.43% gain over the past week but declined 17.9% in six months and 34.7% over the past year. The performance reflects market challenges despite recent contract wins and steady business growth.
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Shareholding pattern of Patel Engineering:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 36.10% | 36.10% | 36% |
| FII | 5% | 3% | 4% |
| DII | 4.50% | 4.50% | 6.20% |
| Public | 50.20% | 52% | 49.60% |
| Others | 4.40% | 4.40% | 4.40% |
About Patel Engineering:
Patel Engineering Ltd. (NSE: PATELENG), established in 1949, has 75 years of expertise in hydropower, tunneling, and irrigation. The company has completed 85 dams, 40 hydro projects, and 300 km of tunneling, serving central PSUs and state organizations.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
