Business Update23 Apr 2026, 10:52 am
Patel Engineering Wins ₹1,593.08 Cr Nepal Hydropower Project
AI Summary
Patel Engineering Ltd has been declared the Lowest Bidder (L1) by SJVN Lower Arun Power Development Company (P) Ltd for Package 2 of the 669 MW Lower Arun Hydropower Project in Nepal. The contract is valued at ₹1,593.08 Crores and involves critical civil and hydro-mechanical works. The project is scheduled to be completed within 54 months and is located in the Sankhuwasabha District of Nepal.
Key Highlights
- Patel Engineering secured a ₹1,593.08 Cr contract for a hydropower project in Nepal.
- The project involves construction of tunnels, surge shafts, and a power house.
- The project is expected to be completed within 54 months.
- This win marks a positive start to Q1 FY27 for Patel Engineering.