Patel Engineering bags Rs 360 cr NTPC project

Firm to construct Loharinag Hydel power project

Patel Engineering Ltd today said it has bagged Rs 360 crore orders from National Thermal Power Corporation (NTPC) for construction of Loharinag Hydel power project penstock and powerhouse in Uttaranchal.

In a communique on the Bombay Stock Exchange, Patel Engineering said the order comprised construction of a 600-Mw Loharinag Pala Hydro Electric Power Project penstock and powerhouse on river Bhagirathi in Uttarkashi district of Uttaranchal.

"Hydro power has always been the prime focus of the company. The company will capitalise on its vast experience and expertise in this sector," said Patel Engineering director Sonal Patel.

The company, which had earlier bagged the Head Race Tunnel package of the same run-of-the-river scheme project, added that the latest order will achieve closure in the next 45 months.

Patel Engineering recently acquired a controlling stake in Michigan Engineers Pvt Ltd (MEPL), an urban infrastructure company, for an undisclosed sum and was awarded the Loharinag Palo Hydro Electric Power Project head race tunnel package worth Rs 318 crore.