Deals26 May 2025, 12:01 pm
Patel Engineering In Joint Venture Bags Rs. 958.33 Crore Irrigation Project From Maharashtra Krishna Valley Development Corporation
AI Summary
Patel Engineering Ltd., along with its JV partner, has been awarded a contract worth Rs. 958.33 crore by the Maharashtra Krishna Valley Development Corporation for the construction of a Pipe Line Distribution Network. The project, valued at 20% of the total contract, is scheduled for completion within 36 months and will enhance irrigation infrastructure, improve agricultural productivity, and water management efficiency in the region. Patel Engineering Ltd., established in 1949, has a strong presence in hydropower, tunnelling, and irrigation segments and has completed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling.
Key Highlights
- Patel Engineering wins a contract worth Rs. 958.33 crore in a joint venture with an unnamed partner.
- The contract is for the construction of a Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal KM 87 to 135 and its Distributaries, Minors off taking between KM 65 to KM 135.
- The project is located in the state of Maharashtra, in Village Kalaj, Taluka Phaltan, District Satara.
- The project is scheduled for completion within 36 months and has a 5-year Operations, Repairs and Maintenance period after completion.
- Patel Engineering has a consistent track record in execution of projects in both domestic and international arena.