Patel Engineering Secures ₹958.33 Crore Irrigation Project in Joint Venture

Patel Engineering Ltd. (PEL), a veteran in civil construction and infrastructure, has received a Letter of Acceptance (LOA) for a major irrigation project from the Maharashtra Krishna Valley Development Corporation. This project not only reaffirms PEL’s leadership in water infrastructure but also reflects its ongoing commitment to national development.

Major Irrigation Project Awarded in Maharashtra

The Maharashtra Krishna Valley Development Corporation has entrusted a contract worth ₹958.33 crore to Patel Engineering Ltd. and its joint venture partner. The project focuses on the construction of a Pipe Line Distribution Network along the Nira Deoghar Right Bank Main Canal from KM 87 to KM 135, including associated distributaries and minors between KM 65 and KM 135. The project will be executed over a span of 36 months and is based in Village Kalaj, Taluka Phaltan, District Satara.

PEL emerged as the lowest bidder (L1) for the contract. Its stake in the joint venture is 20%, amounting to ₹191.67 crore. The work includes trench excavation and refilling, pipe laying, valve and chamber installations, pipeline testing, and a five-year post-completion operations and maintenance period.

Long-Term Impact and Company Profile

This irrigation initiative is expected to significantly improve water management and agricultural output in the region. 

Ms. Kavita Shirvaikar, Managing Director, Patel Engineering Limited, said, “We are pleased to have been awarded this project by the Maharashtra Krishna Valley Development Corporation. 

This project represents a significant step forward in enhancing irrigation infrastructure in the region and will play a crucial role in improving agricultural productivity and water management efficiency. At Patel Engineering Ltd., we view this as more than just a construction project, it is a long-term investment in the prosperity of rural communities and the resilience of our agricultural ecosystem.”  

Founded in 1949, Patel Engineering Ltd. has a rich legacy spanning over seven decades, with a prominent presence in hydropower, tunnelling, and irrigation sectors. The company boasts successful completion of over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling, catering mainly to government and public sector clients in India and abroad.

Read More: Patel Engineering Secures ₹711 Crore EPC Contract from NEEPCO for Hydropower Project.

Patel Engineering Share Performance 

As of May 26, 2025, at 1:00 PM, Patel engineering share price is trading at ₹42.33 per share, reflecting a surge of 1.12% from the previous day's closing price. Over the past month, the stock has declined by 5.60%.

Conclusion

The award of this large-scale irrigation project underscores Patel Engineering’s technical capabilities and trusted reputation in the infrastructure domain. With a consistent track record and strategic vision, the company continues to contribute meaningfully to India’s rural and infrastructural development.

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