Patel Engineering is currently trading at Rs. 31.14, up by 0.32 points or 1.04% from its previous closing of Rs. 30.82 on the BSE.
The scrip opened at Rs. 30.79 and has touched a high and low of Rs. 31.89 and Rs. 29.80 respectively. So far 610301 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 55.75 on 18-Dec-2024 and a 52 week low of Rs. 28.74 on 16-Dec-2025.
Last one week high and low of the scrip stood at Rs. 31.89 and Rs. 28.74 respectively. The current market cap of the company is Rs. 3292.03 crore.
The promoters holding in the company stood at 36.11%, while Institutions and Non-Institutions held 7.28% and 56.61% respectively.
Patel Engineering has signed a memorandum of understanding (MoU) with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project in West Kameng District, Arunachal Pradesh. The MoU includes preparing and validating the Detailed Project Report (DPR), designing and engineering the hydroelectric system, and procuring all necessary electro-mechanical equipment. The scope also covers construction of the dam, powerhouse, and associated civil structures, along with installation and commissioning of turbines and generators. Additionally, the project will involve developing transmission infrastructure for grid connectivity and ensuring efficient operation and maintenance post-commissioning.
The total project value is estimated at Rs 1,700 crore and would take around 4 years for completion. The project will be implemented on a BOOT (Build-Own-Operate-Transfer) basis for a lease period of 40 years, after which ownership and operational control will be transferred to the Government of Arunachal Pradesh.
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.
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