Patel Engineering & JV Partner Secure Rs. 1,818.56 Crore Contract

28 Aug 2023 CW Team

The Dibang Multipurpose Project, which holds immense strategic importance, is set to be a game-changer in the energy and infrastructure sector. Patel Engineering and its JV partner have been selected for this project, following their status as the lowest bidder (L1) in the competitive bidding process. This remarkable feat underscores the capabilities of Patel Engineering in delivering complex and impactful projects within the specified timelines.

As a 50% equity holder in the joint venture, Patel Engineering's share in the Dibang Multipurpose Project amounts to an impressive sum of Rs. 1,818.56 crores. This financial involvement is not only a testament to the company's commitment to progress but also a testament to its expertise in executing large-scale projects of this nature.

Unveiling the Dibang Multipurpose Project:

The scope of the Dibang Multipurpose Project encompasses the construction of vital infrastructure elements, including Head Race Tunnels with Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail Race Tunnels, Pothead Yard, Adits, and more. This comprehensive approach underscores the project's magnitude and its potential to generate a substantial amount of power. With a proposed capacity of 2880 MW across twelve 240 MW units, the project's value is estimated at Rs. 3,637.12 crores.

A Glimpse into the Future:

The projected timeline for the Dibang Multipurpose Project's completion spans 86 months, reflecting the intricate nature of the project and the dedication required to bring it to fruition. The project site is located in the breathtaking landscapes of Arunachal Pradesh, India, further emphasizing its significance in terms of both energy production and regional development.

The contractual arrangement for the Dibang Multipurpose Project is based on an Engineering, Procurement, and Construction (EPC) item rate basis, indicative of the collaborative approach taken by Patel Engineering and its JV partner in ensuring the project's successful realization.

Image Source: CEO Magazine

Mumbai, August 28, 2023 - In a significant development, Patel Engineering Limited, a prominent player in the field of civil construction with a focus on hydropower and irrigation, has emerged as a key contender along with its joint venture (JV) partner to undertake the Dibang Multipurpose Project. The venture has been awarded Lot-4 for the construction of crucial civil works by NHPC Limited, a noteworthy achievement for the companies involved.The Dibang Multipurpose Project, which holds immense strategic importance, is set to be a game-changer in the energy and infrastructure sector. Patel Engineering and its JV partner have been selected for this project, following their status as the lowest bidder (L1) in the competitive bidding process. This remarkable feat underscores the capabilities of Patel Engineering in delivering complex and impactful projects within the specified timelines.As a 50% equity holder in the joint venture, Patel Engineering's share in the Dibang Multipurpose Project amounts to an impressive sum of Rs. 1,818.56 crores. This financial involvement is not only a testament to the company's commitment to progress but also a testament to its expertise in executing large-scale projects of this nature.Unveiling the Dibang Multipurpose Project:The scope of the Dibang Multipurpose Project encompasses the construction of vital infrastructure elements, including Head Race Tunnels with Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail Race Tunnels, Pothead Yard, Adits, and more. This comprehensive approach underscores the project's magnitude and its potential to generate a substantial amount of power. With a proposed capacity of 2880 MW across twelve 240 MW units, the project's value is estimated at Rs. 3,637.12 crores.A Glimpse into the Future:The projected timeline for the Dibang Multipurpose Project's completion spans 86 months, reflecting the intricate nature of the project and the dedication required to bring it to fruition. The project site is located in the breathtaking landscapes of Arunachal Pradesh, India, further emphasizing its significance in terms of both energy production and regional development.The contractual arrangement for the Dibang Multipurpose Project is based on an Engineering, Procurement, and Construction (EPC) item rate basis, indicative of the collaborative approach taken by Patel Engineering and its JV partner in ensuring the project's successful realization.Image Source: CEO Magazine

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..