Patel Engineering JV receives LOA for Rs. 1275.30 crores order.

Patel Engineering Limited, a civil construction Company specialized in the hydropower and irrigation sector, today announced that, the Company along with the JV Partner has received letter of award for Urban Infrastructure Development Project of Rs. 1,275.30 crores from Madhya Pradesh Jal Nigam, which was declared as L1 earlier.

The Company being 35% partner in the JV, our share in the project is Rs. 446.36 crores.

The project is to be completed in a period of 24 months and further operations and maintenance for the whole scheme to be carried out for a period of 10 years.

EQUITYBULLS