Patel Engineering Ltd News

Patel Engineering gets ₹800 crore mining-related work order in Chhattisgarh

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

Why did Patel Engineering share zoom 16% in trade today? Find out here

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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Patel Engineering rises 5% in trade; what's driving investors' interest?

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 Q2 results: Profit dips 12% to ₹64.7 cr, income rises 3%

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 ...

Patel Engineering Q1 results: Net profit up 56% at ₹75 cr, revenue rises

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.

₹240-crore NHPC deal powers Patel Engineering share price 2% higher today

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