Patel Engineering JV wins bid for Rs 3.43 bn project in Maharashtra

Patel Engineering JV Emerges L1 Bidder

Patel Engineering, a prominent player in India's construction sector, has secured a significant victory in the competitive bidding arena. Through a joint venture (JV) effort, Patel Engineering has emerged as the L1 bidder for a high-value infrastructure project worth Rs 343 crore. This development underscores the company's prowess and competitive edge in securing and executing large-scale projects within the construction industry.

The successful bid represents a strategic move by Patel Engineering to further solidify its position in the market and expand its project portfolio. The com..

We implemented the latest SAP Cloud solution within 9 month

Patel Engineering’s Sela Tunnel project in Arunachal Pradesh, one of the longest bi-lane tunnel projects situated above 13,000 ft feet with temperatures dropping as low as -15°C, was recently inaugurated. R SRINIVASAN spoke to Kavita Shirvaikar, CFO and Whole-Time Director, Patel Engineering, to learn more about the company’s operations and adoption of technology. Excerpts:

Does the company have projects in Tier 2 and 3 cities and what is the difference between these projects and the ones in Mu..

Patel Engineering receives LOA for JV in Telangana

Patel Engineering in collaboration with its joint venture partner has been awarded the Letter of Acceptance (LOA) by the Irrigation and CAD Department, Government of Telangana for a contract valued at Rs 5.2536 billion. This contract entails the construction of a Reinforced Cement Concrete (RCC) protection wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in Khammam District.

Additionally, the contract includes construction of embankments of 2 km each on either side of River Munneru near Nagarjuna Sagar Left Bank A..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..