Patel Engineering: Patel Engineering Limited, a small cap company involved in civil construction, has got a project worth Rs 230 crore from Bhutan’s company Dorjalung Hydro Power Limited. In the information given in the exchange filing, the company said that the company has got the contract for pre-construction works under ‘Package-1’. In these, two diversion tunnels, one highway tunnel and hydromechanical works like gates etc. are to be built. Dorjalung Hydro Power Limited (DHPL) is a joint venture between Druk Green Power Corporation Limited (DGPC) of Bhutan and Tata Power Company Limited of India.

The company said that Dorjalung Hydroelectric Power Project is an important initiative in the energy sector of Bhutan. This is Bhutan’s largest hydro project under the Public-Private Partnership (PPP) model. It has been designed in such a way that it can meet the domestic energy needs of the country, as well as help in exporting the remaining clean energy to India, thereby strengthening regional energy security. The capacity of Dorjalung Hydroelectric Power Project is 1125 MW. It is a ‘run-of-the-river’ project on the Kurichu River in Mongar district of Bhutan.

Patel Engineering Responsibilities

The work of the company is divided into three parts:-

tunnel construction

Diversion Tunnel- The company has to build two tunnels that will temporarily divert the course of the river so that the dam can be constructed on dry land.

Highway Tunnel- To reach the project site, a tunnel will have to be constructed on the road.

hydromechanical work

To control the flow of the river, large iron gates will have to be made in the tunnels and machinery related to them will have to be fitted.

infrastructure

Excavation, concrete work and preparing the site for the main construction work before building the dam. The company has to complete all these tasks within 300 days.

Vijay Kedia’s bet on the company

Veteran investor Vijay Kedia has about 1050 crore-1100 crore shares of Patel Engineering. Vijay Kedia has staked in Patel Engineering through his investment unit Kedia Securities Private Limited. He has 1.01 percent stake in it.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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Patel Engineering Shares: Shares of Patel Engineering Limited will be in focus on Thursday 27th November as the company has received many big orders. After market opening on Wednesday, the company said in its exchange filing that it has received two orders from Saidax Engineers and Infrastructure Private Limited.

What is the order?

This order worth Rs 798.19 crore includes works ranging from excavation to composite, rehandling and removal of overburden. Apart from this, along with cutting, loading and transportation of coal from the surface miner, hiring of plant and necessary equipment, maintenance and supply of diesel will also have to be done. The staff and labor required to complete this entire work is also part of the order.

When will the work have to be completed?

The time period of the order is nine years, which means the company has to complete the entire work within nine years. The company also said that the promoter or promoter group companies are not part of this order.

Commenting on this, the company’s Managing Director Kavita Shirwaikar said, “These new projects are a natural extension of our large-scale infrastructure work, which also opens up new avenues. The special thing is that this work is in addition to a strong tender of more than Rs 34,000 crore, for which bidding has already been done and whose valuation is now underway. Also, before the end of this financial year A bid of Rs 18,000 crore is also expected.”

Company’s performance in the second quarter

Patel Engineering’s consolidated revenue from operations in the second quarter of the financial year 2026 was Rs 1,208 crore, which is 2.91 percent more than Rs 1,174 crore in the September quarter of the year 2025.

The consolidated operating EBITDA of the company stood at Rs 159 crore with a slight decline of 2 percent as compared to last year’s Rs 162 crore. Due to this, the operating EBITDA margin declined from 13.81 percent last year to 13.31 percent this time, while the net profit also declined to Rs 77 crore from Rs 80.7 crore a year ago.

order with company

From July to the end of September quarter, the company’s order book stood at Rs 15,146 crore, of which 62 percent of the projects were in the hydroelectric segment. The company currently has 16 hydroelectric projects worth Rs 9,373 crore, which include ventures like Subansiri HEP (2,000 MW), Dibang Multipurpose Project (2,880 MW), Kiru HEP (624 MW), Arun-III HE Project (900 MW), Shongtong HEP (450 MW), and Kwar HEP (540 MW).

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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