Shares of Patel Engineering Ltd rose 1.5% to the touch a day’s excessive of Rs 40.40 on twenty first July, after the corporate introduced it had secured a contract value Rs 239.98 crore (inclusive of taxes) from NHPC Ltd for civil and hydro-mechanical works on the Teesta-V energy station in Sikkim.
The contract includes changing the diversion tunnel right into a tunnel spillway beneath Bundle 6 of the Teesta-V challenge. Situated in South Sikkim, the challenge is predicted to be accomplished in 18 months.
Key work consists of constructing the tunnel spillway, gate operation chamber, shaft, precast bridge, entry street, power dissipation constructions, dyke, environmental move tunnel, and associated infrastructure.
Earlier in Could, Patel Engineering had gained a Rs 1,318.89 crore contract from CIDCO for constructing the Kondhane Dam in Raigad, Maharashtra. The challenge consists of civil works for the 1209-metre-long and 83-metre-high dam.
It additionally covers allied works, together with hydro-mechanical and electrical elements similar to 3 radial gates and management methods. This challenge is predicted to be accomplished in 42 months.
At 11:09 AM, the shares of Patel Engineering have been buying and selling 1.67% increased at Rs 40.14 on NSE.
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