Patel Engineering JV Clinches Contract for Rs. 343 Crore Project in Maharashtra

Patel Engineering and its JV partner have won a Rs 342.76 crore water lifting project in Maharashtra. The project must be completed within 24 months. Patel Engineering will hold a 35% stake in the JV. The project includes constructing a water lifting arrangement for the Jigaon project. Patel Engineering specializes in tunnels and underground works for hydro and dam projects.

Infrastructure company Patel Engineering and its joint venture partner have emerged as the lowest bidder for a Rs 342.76 crore water lifting project in Maharashtra.

The project is to be completed in a period of 24 months.

The said project is located in the state of Maharashtra and the project is to be executed in a Joint Venture, of which Patel Engineering's share is 35 per cent.

In a regulatory filing the company said, the office of the executive engineer, government of Maharashtra has declared Patel Engineering along with its JV Partner as 'L1' for the Rs 342.76 crore contract.

The contract entails works involving construction of water lifting arrangement work for first stage from submergence of Jigaon project including civil, mechanical, electrical component and allied works, the filing added.

The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

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