Patel Engineering Ltd receives LOA from Dorjlung Hydro Power Ltd

Dorjlung Hydro Power Limited (DHPL) [JV between Druk Green Power Corporation Limited (DGPC), Bhutan & Tata Power Company Limited (TPCL), India] has issued the LOA to a Mumbai based infrastructure company, Patel Engineering Limited ("Company" or "PEL"), for a BTN/INR 230.70 crore (excluding taxes) contract for Package I: PreConstruction Works of the prestigious 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan.

The Dorjilung Hydroelectric Power Project is a landmark initiative in Bhutan's energy sector, and is Bhutan's largest hydro project under the Public-Private Partnership (PPP) model, designed to fully support the nation's domestic energy aspirations while enabling the export of surplus clean power to India, thereby strengthening regional energy security. Patel Engineering Ltd. recognizes the strategic importance of this project and is proud to play a role in its execution.

Under Package I, PEL will execute the civil and hydromechanical works for the Dorjilung Hydroelectric Power Project. The scope includes construction of two diversion tunnels of 11.0 m diameter with lengths of 930 m and 821 m, an intermediate adit of 7 m finished diameter and 116 m length, and a highway road tunnel of D-shaped cross section measuring 11 m × 7.5 m and 500 m in length. Additionally, the package covers hydromechanical works comprising four sets of vertical lift fixed wheel gates.

The construction period is set at 300 days, with a Defects Notification Period of one year. The project site is strategically located about 7 km from Autsho town in Mongar Dzongkhag, Bhutan, making it a critical infrastructure development in the region.

Commenting on the development, Ms. Kavita Shirvaikar, Managing Director, said: "We are delighted to have been entrusted with this prestigious project. Hydropower is a cornerstone of Bhutan's energy future, and we see this as an opportunity not only to deliver world-class engineering solutions but also to strengthen our long-term partnership with Bhutan in the renewable energy sector. Patel Engineering is actively exploring further opportunities in hydropower development in Bhutan and other neighboring countries, reaffirming our commitment to sustainable growth and regional collaboration".

With this achievement, Patel Engineering Ltd. continues to expand its footprint in the renewable energy sector, reinforcing its vision of building resilient infrastructure that supports clean energy transitions across India and outside.

Shares of Patel Engineering Limited was last trading in BSE at Rs. 24.91 as compared to the previous close of Rs. 24.68. The total number of shares traded during the day was 400911 in over 1269 trades.

The stock hit an intraday high of Rs. 25.38 and intraday low of 24.76. The net turnover during the day was Rs. 10012781.00.

Source : Equity Bulls

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