Patel Engineering Receives LOIs for Excavation & Related Works from South Eastern Coalfields Limited Worth ₹ 798.19 Crores
Patel Engineering Ltd. has received two Letter of Intents from Saidax Engineers and Infrastructures Pvt Ltd for the execution of excavation and associated works and transportation of coal at a project located at Jhiria West OCP of Hasdeo Area, Bilaspur, Chhattisgarh, for South Eastern Coalfields Limited (SECL). The total project value for both letter of intents combined is ₹ 798.19 crores (excluding taxes). The combined scope of work includes Composite Work Overburden Removal including Rehandling, Coal Cutting by Surface Miner, Loading and Transportation of Coal as well as Hiring of all required plant and equipment, supply of required quantity of diesel and complete maintenance of plant and equipment, required staff and labour for execution of works.
Key Highlights
- Patel Engineering received LOIs for excavation and associated works and transportation of coal from South Eastern Coalfields Limited.
- The total project value is ₹ 798.19 crores (excluding taxes).
- The work includes Composite Work Overburden Removal including Rehandling, Coal Cutting by Surface Miner, Loading and Transportation of Coal as well as Hiring of all required plant and equipment, supply of required quantity of diesel and complete maintenance of plant and equipment, required staff and labour for execution of works.
- The projects are a natural extension of large-scale infrastructure works and open up new avenues for the company.
- Patel Engineering has a robust tender pipeline of more than ₹ 234,000 crores already bid and under evaluation, and further opportunities worth ₹ 218,000 crores expected to come up for bidding before the end of this financial year.