Patel Engineering Secures ₹958 Crore Canal Project in Maharashtra

Patel Engineering Ltd (PEL), in joint venture collaboration, has been awarded a significant infrastructure contract by the Maharashtra Krishna Valley Development Corporation (MKVDC), Pune. The total project value stands at ₹958.33 crore, with PEL holding a 20% share in the joint venture.

Scope and Objectives

The project involves the construction of a Pipe Distribution Network (PDN) for the Nira Deoghar Right Bank Main Canal, from kilometre 87 to 135, including its distributaries and minor off-takes between KM 65 and 135. Located in Kalaj village, Taluka Phaltan, District Satara, Maharashtra, the development aims to enhance irrigation efficiency and ensure effective water distribution for agricultural use.

The project includes excavation and refilling for pipe trenches, laying and jointing of pipes, installation of various valves, construction of chambers and outlets, and testing of the pipeline system. The initiative is aligned with the government’s focus on strengthening rural irrigation infrastructure.

Execution Timeline and Maintenance

Scheduled for completion within 36 months, the project also includes an Operations, Repairs, and Maintenance (ORM) commitment for a five-year period post-construction. This long-term engagement underlines PEL’s commitment to sustainable project execution and support.

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.”

Patel Engineering Share Price Performance

On May 23, 2025, Patel Engineering share price opened at ₹41.95, almost the same as its previous close of ₹41.89. At 10:57 AM, the share price of Patel Engineering was trading at ₹41.61, down by 0.67% on the NSE.

Also Read: Patel Engineering Secures ₹711 Crore EPC Contract from NEEPCO for Hydropower Project!

Conclusion

This project win further strengthens Patel Engineering’s position in India’s water infrastructure sector. The company's strategic JV model and consistent performance in large-scale civil engineering works continue to add value to rural and agricultural development initiatives across India.

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