Patel Engineering rises on emerging as lowest bidder for Lower Arun Hydro-Electric Project in Nepal

Patel Engineering Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 531120 | NSE: PATELENG

23 Apr 2026 Evaluate

Patel Engineering is currently trading at Rs. 28.71, up by 0.34 points or 1.20% from its previous closing of Rs. 28.37 on the BSE.

The scrip opened at Rs. 28.38 and has touched a high and low of Rs. 29.37 and Rs. 28.24 respectively. So far 656660 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 46.58 on 25-Apr-2025 and a 52 week low of Rs. 22.08 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 29.37 and Rs. 27.16 respectively. The current market cap of the company is Rs. 2838.52 crore.

The promoters holding in the company stood at 31.48%, while Institutions and Non-Institutions held 9.03% and 59.49% respectively.

Patel Engineering has been declared as Lowest Bidder (L1) by SJVN Lower Arun Power Development Company (P) (SLPDC), a wholly owned subsidiary of SJVN, for the Lower Arun Hydro-Electric Project (669 MW) Package 2 in the Sankhuwasabha District of Nepal, valued at Rs 1,593.08 crore (inclusive of VAT).

The Package-2, encompasses the execution of critical civil and hydro-mechanical works integral to the Lower Arun Hydro-Electric Project. This includes the construction of Adit-5 and Adit-6 leading to the Head Race Tunnel, as well as the Part Head Race Tunnel itself, measuring 10.5 meters in diameter and extending 5.41 kilometers. The scope further covers the Surge Shaft and its gates, the Pressure Shaft along with the Butterfly Valve Chamber and Access Adit, and the Power House, Switchyard, Surface Pothead Yard, and Tail Race Channel. Additionally, the package involves installation of steel liners for the Pressure Shafts, Draft Tube Gates and hoists, and the completion of associated road works and supporting infrastructure. Together, these components form the backbone of the project, ensuring efficient water conveyance, energy generation, and long-term operational reliability.

The project is scheduled to be completed within 54 months and the site is strategically located near Tumlingtar in Sankhuwasabha District of Nepal, approximately 264 km from Siliguri, India.

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

28.68 -0.06 (-0.21%)

05-May-2026 16:59 View Price Chart

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