Patel Engineering Ltd JV receives LOA for order from NHPC

Patel Engineering Limited, a civil construction Company specialized in the hydropower and irrigation sector, today announced that, the Company 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, which was declared as L1 earlier.

The Company being 50% partner in the JV, our share in the project is Rs. 1,818.56 crores.

Shares of Patel Engineering Limited was last trading in BSE at Rs. 54.30 as compared to the previous close of Rs. 54.74. The total number of shares traded during the day was 683494 in over 4754 trades.

The stock hit an intraday high of Rs. 55.41 and intraday low of 53.25. The net turnover during the day was Rs. 37189984.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 LOA NHPC