Patel Engineering secures order Sutlej Jal Vidyut Nigam worth Rs 976 cr

03 Aug 2021 CW Team

Patel Engineering, a civil construction company, announced that it secured a Rs 976 crore order from Sutlej Jal Vidyut Nigam Limited.

It is a joint enterprise between the Himachal Pradesh state government and the centre.

Luhri Hydro Power Consortium (LHPC) secured this order. It is a consortium of Patel Engineering and HES Infra. The project is established in Shimla and Kullu districts.

The company is the head part of LHPC, with 60% shares, while 40% are held by HES.

The Luhri project is a construction, procurement, and engineering agreement package, which covers civil and hydro-mechanical, engineering services operations of Luhri Hydroelectric Project Stage I (210 MW), set up near village Nirath.

On the other side, Patel Engineering specialises in underground work, tunnelling for urban infrastructure, underground work, and hydropower production. It is the only India-based firm with expertise in RCC, double-take tap work, and microtunneling.

It has even built an essential worldwide presence and completed projects over Nepal, Bhutan, Arabian Gulf, and Sri Lanka.

The share price of Patel Engineering surged 10% on August 2 after the company bagged the order from Sutlej Jal Vidyut Nigam at Rs 976.50 crore.

Founded in 1949, Patel Engineering Limited, is an infrastructure and construction services company in India. The company has its footing in various sectors of the infrastructure industry such as highways, roads, micro-runnels, hydroelectric projects, bridges, railways, refineries, real estate, dams, tunnels, irrigation projects, and townships.

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Also read: Highway construction at 29.81 km per day in 2020-21

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