Patel Engineering Ltd.PATELENG₹28.68 +1.16%

Shares of infrastructure major Patel Engineering Ltd. Limited are in focus today after the company announced it has been declared the lowest bidder (L1) for a massive hydropower contract in Nepal. The project, valued at ₹1,593.08 crore (inclusive of VAT), marks a significant addition to the company’s international order book.

The contract is for Package 2 of the 669 MW Lower Arun Hydropower Project, awarded by SJVN Lower Arun Power Development Company (SLPDC), a wholly-owned subsidiary of SJVN Ltd.

The scope of work is extensive and technically demanding, involving:

  • Civil & Hydro-mechanical Works: Construction of a 5.41 km Head Race Tunnel, surge shafts, and a pressure shaft.
  • Infrastructure Powerhouse: Execution of the power house, switchyard, and tail race channel.
  • Timeline: The project is scheduled to be completed within a period of 54 months.

Strategic Advantage

Located in the Sankhuwasabha District of Nepal, the project is strategically positioned just 35 km away from the Arun-3 Hydropower project, where Patel Engineering Ltd. is already active. This proximity is expected to offer operational synergies and logistical advantages for the company.

Patel Engineering Ltd. has a 77-year legacy in dam and tunnel construction. With over 40 hydroelectric projects already under its belt, this ₹1,593 crore win reinforces Patel Engineering’s dominant position in the high-growth hydropower segment.