Patel Engineering

Patel Engineering has secured two projects worth around Rs 800 crore for mining related activities in Chhattisgarh. The company has received letter of intents from Saidax Engineers and Infrastructures. The total project value for both letter of intents combined is Rs 798.19 crore (excluding taxes), Patel Engineering said in a statement. Patel Engineering Ltd has received two Letter of Intents (LoIs) for the execution of excavation and associated works and transportation of coal at a project located at Jhiria West OCP of Hasdeo Area, Bilaspur, Chhattisgarh, for Coal India arm South Eastern Coalfields Limited (SECL). Patel Engineering Managing Director Kavita Shirvaikar said: "The new projects come in addition to a robust tender pipeline of more than Rs 34,000 crores already bid and under evaluation." The company also looks to participate in business opportunities worth Rs 18,000 crore expected to come up for bidding before the end of this financial year, she said. Patel Engineerin

At 11:10 AM, Patel Engineering shares were trading 14.57 per cent higher at ₹37.99 per share. In comparison, BSE Sensex was trading 0.48 per cent higher at 86,020.77 level.

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The buying on the counter came after the company's fixed date to discuss details of a ₹500 crore fund raise through a rights issue

Patel Engineering on Thursday reported an 11.73 per cent fall in consolidated net profit to Rs 64.7 crore for the September quarter, and a fundraising plan of Rs 500 crore. It had clocked a net profit of Rs 73.3 crore in the July-September period of FY25, the company said in an exchange filing. The company, however, increased its income to Rs 1,271.6 crore in the second quarter, from Rs 1,230.9 crore in the year-ago period. For April-September FY26, the company saw its net profit grow by around 20 per cent to Rs 144.7 crore, from Rs 121.1 crore in the six-month period of the previous fiscal. The board has also approved a rights issue of equity shares to raise Rs 500 crore. During the second quarter, Patel Engineering received a Rs 240 crore order from state-owned NHPC for civil and hydro-mechanical works at the Teesta-V project in Sikkim, bringing the total new orders received in H1 FY26 to Rs 2,500 crore. As of September 30, the company said its order book touched Rs 15,146 ...

Infrastructure development company Patel Engineering has reported a 56 per cent year-on-year growth in consolidated net profit at Rs 75 crore in the June quarter of this financial year, driven by higher revenues. The Mumbai-based entity had logged a net profit of Rs 48 crore in the April-June period of the preceding 2024-25 financial year. As per the company, its revenue from operations in the first quarter surged by 12 per cent to Rs 1,233 crore, from Rs 1,102 crore in Q1 FY25. Patel Engineering had a total debt of Rs 1,527 crore as of June 30, 2025, down from Rs 1,603 core at the end of March 2025, the company said in a statement. "The Q1 performance illustrates our ability to drive consistent growth while enhancing operational efficiency. With a track record of executing over 350 projects, including several marquee assignments, our execution capabilities have matured significantly, contributing to our strong financial performance," Kavita Shirvaikar, MD, Patel Engineering said.

Patel Engineering's share price rose after the company announced it had secured a contract from NHPC worth ₹239.98 crore (including taxes).

Patel Engineering share rose after announcing that it, along with its joint venture (JV) partner, has secured a deal of ₹958.33 crore from the Maharashtra Krishna Valley Development Corporation, Pune

Infrastructure development company Patel Engineering Ltd on Friday said it has secured two projects worth a total of Rs 2,036.89 crore in Maharashtra and Arunachal Pradesh. In the urban infrastructure segment, Patel Engineering Ltd bagged an order for dam construction and related works in Maharashtra from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO), the company said in a statement. The project is to be executed in a time period of 42 months. Patel Engineering secured another order for a 240 MW hydropower project in Arunachal Pradesh from North Eastern Electric Power Corporation Ltd (NEEPCO), it said. The project is scheduled to be completed within 44 months. The scope of work includes construction of civil and associated infrastructure works, testing and commissioning of hydro-mechanical plant and machinery leading to operation and performance of all the generating units of the hydroelectric project, according to the statement. "The hydropower proje

Patel Engineering Ltd on Wednesday reported 14.49 per cent rise in consolidated net profit at Rs 80.24 crore for the quarter ended December 2024, supported by higher income. It had clocked a net profit of Rs 70.24 crore in the same period a year ago, the company said in an exchange filing. Total income rose to Rs 1,265 crore from Rs 1,076 crore a year ago. Expenses stood at Rs 1,125 crore as against Rs 1,030.94 crore in the third quarter of last fiscal. "Looking ahead, we are enthusiastic about enhancing our operational capabilities, expanding our project portfolio, and driving innovation within our industry. "The robust foundation we have built over the years fills us with confidence and optimism as we embark on the next phase of growth, consistently delivering outstanding value to our stakeholders," MD Kavita Shirvaikar said in a statement. The company's order book as on December 31, 2024 stood at Rs 16,396.4 crore. Mumbai-based Patel Engineering is an engineering, procurement

Patel Engineering Ltd on Wednesday reported a 95.05 per cent rise in consolidated net profit after tax to Rs 73.44 crore in the quarter ended September 30, 2024 on account of higher revenues. It had posted a Rs 37.65 crore net profit after tax (PAT) from continuing operations during the year-ago period, the company said in a regulatory filing. Total income of the company rose to Rs 1,230.98 crore in the July-September quarter, from Rs 1,046 crore in the same period a year ago. As of September 30, 2024 the consolidated gross debt of the company stood at Rs 1,437.7 crore, compared to Rs 1,885.5 crore as on March 31, 2024. "Our performance in Q2FY25 highlights continued growth and operational efficiency, with revenue increasing by 14.98 per cent and significant gains in profitability, despite it being a monsoon period," said Kavita Shirvaikar, Managing Director. Patel Engineering in a statement said the quarter saw significant project progress across key sectors such as hydro-power,

Patel Engineering's revenue from operations rose 15 per cent to Rs 1,174.3 crore as compared to Rs 1,021.3 crore a year ago

Between March 2023 and June 2024, Hikal Limited's stock was in a consolidation phase, trading within a relatively narrow range of Rs 260 to Rs 320

The rise in Patel Engineering share price came after the company said that it has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL), a state-owned railway company.

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024. It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing. The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter. It was at Rs 1,118.61 crore in the year-ago period. Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output." "With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added. The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

Shares of Patel Engineering surged up to 4.56 per cent at Rs 53.09 a piece on the BSE in Tuesday's intraday deals

The uptick in the share price came after Patel Engineering announced that the Office of the Executive Engineer, Govt Maharashtra has awarded the company, along with its JV, a Rs 317.60 crore contract.

The Board of Patel Engineering has approved the appointment of Janky Patel as the 'Chairperson' of the company effective from July 6, 2024

In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore

Patel Engineering Ltd on Saturday reported a 78 per cent rise in its consolidated net profit after tax to Rs 140.35 crore for the March 2024 quarter on account of higher revenues. It had posted a Rs 78.83 crore "net profit after tax (PAT) from continuing operations" during the year-ago period, the company said in an exchange filing. The company's revenue from operations also rose by 11 per cent to Rs 1,343.18 crore from Rs 1,205.06 crore in the January-March quarter of the preceding 2022-23 fiscal. Its total order book was Rs 18,663 crore as of March 31, 2024. Its Whole Time Director and CFO Kavita Shirvaikar said, "The company has notched impressive milestones in the last quarter. Our robust financial strides underscore our disciplined cost management ethos and adeptness in capitalising on emergent prospects. Our vision remains bright, fuelled by a buoyant outlook on our company's potential, all while intensifying our fiscal strategies for greater resilience in the market". The .