Patel Engineering, JV bag Rs 3,637 crore contract from NHPC

Patel Engineering along with the JV partner has received letter of award for Dibang Multipurpose Project for the construction of civil works for Lot-4 from NHPC
Patel Engineering, JV bag Rs 3,637 cr contract from NHPC
Patel Engineering, JV bag Rs 3,637 cr contract from NHPCPSU Watch
Published on

New Delhi: Infrastructure company Patel Engineering Ltd and its joint venture (JV) partner have bagged a Rs 3,637 crore order from state-owned NHPC in Arunachal Pradesh.

In a regulatory filing, Patel Engineering said its share in the contract is Rs 1,818.56 crore.

"Patel Engineering along with the JV partner has received letter of award for Dibang Multipurpose Project for construction of civil works for Lot-4 from NHPC Limited," the filing said.

The company did not name its partner in the 50: 50 JV. The work in the engineering, construction and procurement (EPC) contract includes construction of head race tunnels including intake, pressure shafts, penstocks, power house and transformer cavern.

Besides, the project includes construction of tail race tunnels, pothead yard etc for NHPC's 2880 MW (12 X 240 MW) Dibang multipurpose project.

The timeline for execution of the project is 86 months.

Mumbai-based Patel Engineering is an engineering, procurement, and construction (EPC) firm with a strong presence in tunnels and underground works for hydroelectric and dam projects.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com