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Patel Engineering wins water tunnel project worth Rs 555.83 cr

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Capital Market
Last Updated : Feb 22 2023 | 9:50 AM IST

Also wins micro irrigation project worth Rs 470 cr alongwith a JV partner

Patel Engineering has been declared L1 by City and Industrial Development Corporation (CIDCO) and Visvesvaraya Jala Nigam (VJNL) for works including design and construction of a long treated water tunnel from Sai Village to Vindhane Village in Raigad District and for Survey, Design, Supply, Install, Test and Commission a Micro Irrigation System under Tumkur Branch Canal in the state of Karnataka.

The Micro Irrigation project with a total value of Rs. 470.67 crore is to be executed with a JV partner, of which PEL's share in the new order is worth Rs 240.04 crore while the Water Tunnel Project worth Rs 555.83 crore is going to executed without any joint venture partnership.

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First Published: Feb 22 2023 | 9:39 AM IST

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