Rs 750-cr Patel Engineering bags Rs 975-cr project from govt; stock climbs 7%
NEW DELHI: Patel Engineering NSE -1.25 %, a civil construction firm specialising in the hydropower sector that the market values at around Rs 750 crore, bagged a massive order from the government.
The company said it received Rs 976.50 crore order for Luhri Hydro Electric Project Stage I (210 MW) (Luhri Project) from Sutlej Jal Vidyut Nigam, a joint venture between the Government of India and Himachal Pradesh State Government.
