Patel Engineering declared L1 for an urban infrastructure project of Rs. 1,318.89 crore from CIDCO

CIDCO has declared a Mumbai based infrastructure company, Patel Engineering Limited ("Company" or "PEL"), as L1 for a Rs. 1,318.89 crore contract for "Construction of Kondhane Dam and its allied works" using Roller Compacted Concrete Technology.

The project is to be completed in a period of 42 months.

The said project is located in the state of Maharashtra, Village - Kondhane, Taluka - Karjat, District - Raigad.

The scope of works includes Civil Works for the dam construction having a length of 1209m and 83m height along it's allied works as well as Hydro Mechanical and Electrical works including 3 radial gates and electrical & manual gate control and other electrification works.

Shares of Patel Engineering Limited was last trading in BSE at Rs. 45.36 as compared to the previous close of Rs. 44.35. The total number of shares traded during the day was 933633 in over 4300 trades.

The stock hit an intraday high of Rs. 48.22 and intraday low of 44.30. The net turnover during the day was Rs. 42812816.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 L1 CIDCO