Patel Engineering rises on emerging lowest bidder for Rs 910 crore Renukaji Dam project
The project, located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh, is scheduled to be completed within a timeline of 30 months
Patel Engineering is currently trading at Rs. 28.17, up by 0.24 points or 0.86% from its previous closing of Rs. 27.93 on the BSE.
The scrip opened at Rs. 28.64 and has touched a high and low of Rs. 28.79 and Rs. 28.06 respectively. So far 260323 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.58 on 25-Apr-2025 and a 52 week low of Rs. 26.16 on 12-Jan-2026.
Last one week high and low of the scrip stood at Rs. 28.79 and Rs. 26.69 respectively. The current market cap of the company is Rs. 2795.86 crore.
The promoters holding in the company stood at 31.48%, while Institutions and Non-Institutions held 8.34% and 60.18% respectively.
Patel Engineering has been declared Lowest Bidder (L1) by Himachal Pradesh Power Corporation (HPPCL) for the construction of Renukaji Dam Project (Package-1) valued at Rs 910.08 crore. This reinforces the company’s commitment to delivering world-class infrastructure projects that contribute to India’s sustainable development and water resource management.
The scope of works under this package comprises the construction of three diversion tunnels, each with a diameter of 9.5 meters and lengths of 1379 meters, 1468 meters, and 1590 meters respectively. It also includes the development of three inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometers. In addition, the project involves the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works to ensure operational efficiency and safety.
The project, located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh, is scheduled to be completed within a timeline of 30 months.
Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.
