Patel Engineering Secures ₹711 Crore EPC Contract from NEEPCO for Hydropower Project

Patel Engineering Ltd. (PEL) has been awarded a contract worth ₹711.29 crore by the North Eastern Electric Power Corporation Ltd. (NEEPCO) for the construction of the 240 MW HEO Hydropower Project in Arunachal Pradesh. The company was earlier declared the L1 (lowest) bidder for this project. 

Project Scope and Timeline 

The project is located in the Shi Yomi district of Arunachal Pradesh and is scheduled to be completed within 44 months. The scope of work includes: 

• Construction of civil and associated infrastructure works
• Installation, testing, and commissioning of hydro-mechanical plant and machinery
• Operational readiness and performance of all generating units under the 240 MW hydroelectric project 

The project will be executed under the Engineering, Procurement, and Construction (EPC) mode. 

Strategic Significance 

This order strengthens Patel Engineering’s foothold in India's infrastructure and power sectors, particularly in hydroelectric development in the northeastern region. It aligns with the government’s push to harness hydropower potential in Arunachal Pradesh and improve power accessibility in the region. 

Patel Engineering Share Price 

On May 21, 2025, shares of Patel Engineering (NSE:PATELENG) opened at ₹42.90, slightly higher than its previous close at ₹42.23. At 12.10 PM, the share price of Patel Engineering was trading at ₹41.78, down by 0.78% on the NSE. 

Also Read: Stocks To Watch Today, May 21, 2025: Patel Engineering, Biocon, Dixon Tech, & More.

Conclusion 

The ₹711 crore win from NEEPCO marks a significant addition to Patel Engineering’s order book and reinforces its role as a key EPC player in India’s hydroelectric infrastructure development. 

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