 "Patel Engineering bags Rs 519-cr water tunnel project in Maharashtra")
Patel Engineering has received a letter of acceptance (LOA) from City and Industrial Development Corporation (CIDCO) to construct a 6.70 km long treated water tunnel and associated works in Raigad district, Maharashtra.
The water tunnel project, worth Rs 519.50 crore, will be executed without any joint venture partnership, the infrastructure company said in a statement on Tuesday.
Rupen Patel, Chairman & Managing Director, Patel Engineering Limited, said it is a prestigious project for the company. "This project demonstrates our technical prowess and engineering skills, along with excellent execution capabilities."
The project is expected to be completed within 60 months, as stipulated in the bid. With expertise in tunnelling, underground works for hydroelectric and infrastructure development, the company is well-positioned to successfully complete the project within the stipulated time frame.
The tunnel will be constructed from Sai village to Vindhane village.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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