Patel Engineering Secures ₹126.37 Cr Irrigation Project in Maharashtra

Patel Engineering Ltd (PEL) has received a Letter of Acceptance (LOA) for a ₹126.37 crore irrigation project, the Tasgaon Lift Irrigation Scheme, in Maharashtra. PEL's share in the joint venture contract is 51%, amounting to ₹64.45 crore. The project, aimed at enhancing irrigation infrastructure in the Satara district, involves constructing headworks, pump houses, and a pipe distribution network across 2,277 hectares. The project is scheduled for completion within 48 months. This award formalizes the company's earlier position as the Lowest Bidder (L1) and is considered a normal business activity, not constituting Unpublished Price Sensitive Information.