Patel Engineering surges on bagging new order worth Rs 1,251 crore

27 Sep 2021 Evaluate

Patel Engineering is currently trading at Rs. 17.95, up by 1.45 points or 8.79% from its previous closing of Rs. 16.50 on the BSE.

The scrip opened at Rs. 16.50 and has touched a high and low of Rs. 18.80 and Rs. 16.40 respectively. So far 701862 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.30 on 22-Jun-2021 and a 52 week low of Rs. 9.21 on 30-Oct-2020.

Last one week high and low of the scrip stood at Rs. 17.70 and Rs. 16.25 respectively. The current market cap of the company is Rs. 790.73 crore.

The promoters holding in the company stood at 56.23%, while Institutions and Non-Institutions held 19.44% and 24.33% respectively.

Patel Engineering has bagged new order worth Rs 1,251 crore, Lot II Civil Work contract for 500 MW Teesta-VI Hydro Electric Project, Sikkim from Lanco Teesta Hydro Power, a wholly owned Subsidiary of NHPC. The project is located at South Sikkim District in Sikkim, India.

The Package includes balance Civil works for Underground Power House & Transformer Cavern, Part of HRT-I & HRT-II, Surge Shafts, Pressure Shafts & Adits, TRT and other Associated Structures etc. of 500 MW Teesta-VI Hydro Electric Project located near village Subin Khore, South Sikkim, India, which is about 67Kms from Siliguri, the nearest major town.

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.

Patel Engineering Share Price

56.95 -0.35 (-0.61%)
28-Mar-2024 16:01 View Price Chart
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