Patel Engineering Share Price Surges Over 15% on Securing ₹798.19 Crore Order from SECL

Patel Engineering Ltd. has announced the receipt of 2 major Letters of Intent (LOIs) for large-scale excavation and coal-handling work at the Jhiria West Open Cast Project in the Hasdeo region of Bilaspur, Chhattisgarh.  

The contracts, awarded by Saidax Engineers and Infrastructure Pvt Ltd for execution on behalf of South Eastern Coalfields Limited (SECL), carry a combined value of ₹798.19 crore, excluding taxes. The development was formally disclosed to stock exchanges on November 26, 2025.  

Project Scope And Key Deliverables 

According to the details filed under SEBI’s Listing Regulations, the 9-year contract involves comprehensive excavation and associated works including overburden removal and re-handling, coal cutting using surface miners, loading and transportation of coal, and deployment of all required equipment and manpower.  

The contractor is also responsible for supplying diesel, operating and maintaining machinery, and ensuring full staffing for the project’s execution.  

Management Commentary and Future Pipeline 

As per exchange filings, Patel Engineering Managing Director Kavita Shirvaikar said the projects mark a natural extension of the company’s strengths in large-scale infrastructure and mining support. She added that the LOIs complement an already robust tender pipeline of over ₹34,000 crore that the company has bid for and is awaiting results.  

An additional ₹18,000 crore worth of project opportunities are expected to open for bidding before year-end, with nearly ₹1 lakh crore anticipated over the next 1 to 2 years in core segments where Patel Engineering operates. Shirvaikar said the company is confident that these opportunities will significantly expand its order book in the coming year.  

Company Background 

Patel Engineering, established in 1949, has longstanding expertise in hydropower, tunnelling and irrigation projects in India and abroad. Its portfolio includes more than 85 completed dams, 40 hydroelectric projects and over 300 kilometres of tunnelling executed primarily for central PSUs and state government agencies.  

Read More: Patel Engineering Share Price Gains 5% as Investors Cheer ₹500 Crore Rights Issue Plan! 

Patel Engineering Share Price Performance  

As of November 27, 2025, at 2:35 PM, Patel Engineering share price was trading at ₹38.39 per share, reflecting a surge of 15.65% from the previous closing price.  

Conclusion 

The new LOIs reinforce Patel Engineering’s position as a key player in large infrastructure contracting and mining-linked works. With a substantial pipeline and increasing opportunities across core engineering sectors, the company expects sustained order book growth and deeper engagement in India’s infrastructure expansion cycle. 

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