Patel Engineering along with JV partners secures LoA worth Rs 126.37 crore

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

15 Jun 2026 Evaluate

Patel Engineering along with joint venture (JV) partners has received Letter of Award (LOA) from Maharashtra Krishna Valley Development Corporation for an irrigation project under the Tasgaon Lift Irrigation Scheme in Maharashtra. The total contract value stands at Rs 126.37 crore (excluding taxes), with the company’s share in the contract amounting to Rs 64.45 crore (51%). The company had earlier been declared Lowest Bidder (L1) for the said project, and the receipt of the Letter of Award (LoA) formalizes the award, marking the commencement of project execution.

The Tasgaon Lift Irrigation Scheme is an important irrigation infrastructure initiative aimed at enhancing water availability and supporting agricultural development in the region. The project is expected to improve irrigation access across multiple villages, thereby contributing to higher agricultural productivity and long-term rural development in Maharashtra.

The project involves construction of an irrigation and water distribution system for a command area of 2,277 ICA across six villages in Satara Taluka. The scope includes headworks, pump houses, switchyards, rising mains, delivery chambers, pumping machinery, and associated civil, mechanical, and electrical works, along with a closed pipe distribution network involving excavation, laying, and jointing of MS, PCCP, and HDPE pipelines. The project is scheduled to be completed within 48 months and is located across the villages of Tasgaon, Varne, Karandwadi, Devkarwadi, Degaon and Nigadi in Satara Taluka, Satara district, Maharashtra.

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

32.13 0.00 (0.00%)

23-Jun-2026 16:59 View Price Chart

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