Patel Engineering Limited has won a significant contract worth Rs 1,318.89 crore from the City & Industrial Development Corporation of Maharashtra Limited (CIDCO) for the construction of the Kondhane Dam and associated works. This key project is located in Village Kondhane, Taluka Karjat, District Raigad, Maharashtra, and is expected to be completed over a span of 42 months. The comprehensive scope of work includes civil works for dam construction, hydro-mechanical and electrical components, and the installation of three radial gates.
The company’s Managing Director, Ms. Kavita Shirvaikar, expressed her confidence in delivering the project, stating that this award marks a strong beginning for FY26. She highlighted the company's strength in handling complex infrastructure projects, particularly dam construction using advanced techniques like Roller Compacted Concrete. The project not only reinforces Patel Engineering’s expertise in large-scale civil engineering but also contributes significantly to its order book and long-term growth trajectory.
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Patel Engineering Ltd, founded in 1949, has established itself as a major player in the construction and infrastructure segment, with a notable presence in hydro, irrigation, tunnelling, and urban infrastructure. Over the years, it has completed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling, primarily serving public sector undertakings and state government entities. The company continues to focus on projects requiring technical prowess, which sets it apart in the competitive Mid-Cap infrastructure space.
As of May 05, 2025, Patel Engineering’s stock is trading at Rs 43.01. The 52-week high stands at Rs 71.68, while the 52-week low is Rs 38.33. The stock has delivered a 1-year return of -27.41 per cent, although its 3-year return stands at a robust 81.86 per cent, indicating long-term potential. The company’s Price-Earnings (PE) Ratio is 10.5, and its market capitalisation is currently at Rs 3,632 crore, placing it firmly in the Small-Cap category.
With its latest project win and a history of successful executions, Patel Engineering continues to position itself as a reliable player in India’s growing infrastructure sector. While the company has not recently declared a dividend or bonus issue, investors may watch for future developments in upcoming Quarterly Results or potential right issues or IPO activity.
Disclaimer: The article is for informational purposes only and not investment advice.