Posted by Patel Engineering Limited is an Indian construction company. Recently, the company has received several big orders, due to which its shares have risen significantly. Here are some recent orders:
In August 2023, Patel Engineering received a contract worth ₹267.93 crore from the Telangana government.As you heard, Patel Engineering has received an order from the Telangana government worth ₹267.93 crore. Through this order, Patel Engineering has got a joint venture for civil construction work. The total value of this work is ₹525.36 crore, of which Patel Engineering’s share is ₹267.93 crore. After receiving this order, the stock price of Patel Engineering has jumped 370% in 1 year.
Patel Engineering Ltd has recently awarded an important project. This also includes their associate company. According to an order received from the Irrigation and CAD Department of the Telangana government, work worth Rs 525.36 crore has been awarded for the RCC Protection Wall project in Khammam city.
Patel Engineering Order Detail
Patel Engineering said that its share under this contract is Rs 267.93 crore. The contract includes that 2 kilometers of embankments will be constructed on either side of the Munneru River, near the Nagarjuna Sagar Left Bank Aqueduct near Khammam city. This will help in improving the irrigation infrastructure and water management systems of the area.
So the Chairman of this company, Rupene Patel has said that he is very happy that the Telangana Government is doing this work in collaboration with Irrigation and CAD, that the Telangana Government is going to work for the farmers, the main objective of this project is to improve the functioning of Muneru River. The aim is to construct shore protection walls and embankments, which will lay the foundation for a sustainable future for Khammam district.
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Patel Engineering share history:
Patel Engineering shares have brought huge profits to investors. The value of this share has increased almost 4 times in just one year. Patel Engineering stock on BSE has given investors a return of 370% in 1 year. The stock price closed at 68.08 on March 2.
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