Patel Engineering Share Price Surges on Securing Kondhane Dam Project from CIDCO

In a strategic move that strengthens its portfolio in civil infrastructure, Patel Engineering Limited (PEL) has secured a major urban development project from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO). The ₹1,318.89 crore contract entails the construction of the Kondhane Dam and associated works, reinforcing the company’s leadership in the dam and hydropower segments.

Massive Project Scope and Technological Advancement

The Kondhane Dam project is situated in the Raigad district of Maharashtra and is slated for completion within 42 months. The project encompasses a 1,209-metre-long and 83-metre-high dam built using Roller Compacted Concrete (RCC) technology. 

The scope includes civil construction, hydro-mechanical components, and electrical systems, such as three radial gates and manual and electrical control systems. This undertaking demonstrates PEL’s adeptness in deploying advanced construction techniques in large-scale infrastructure.

Corporate Perspective and Strategic Importance

Kavita Shirvaikar, Managing Director of Patel Engineering, emphasised the strategic value of the project, calling it a strong beginning for FY26. She underscored the company’s commitment to maintaining quality and efficiency while contributing to national infrastructure development. 

With a legacy dating back to 1949, PEL has completed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnels, largely for public sector clients. This new venture further consolidates its standing in the infrastructure space.

Read More: Patel Engineering Shares Surge on Securing Major Projects in Arunachal Pradesh and Maharashtra.

Patel Engineering Share Performance 

As of May 06, 2025, at 10:30 AM, Patel Engineering share price is trading at ₹43.27 per share, reflecting a surge of 0.63% from the previous closing price. Over the past month, the stock has surged by 13.04%.

Conclusion

The Kondhane Dam project marks yet another milestone for Patel Engineering in its pursuit of engineering excellence and national development. With this win, the company reinforces its role as a trusted partner for complex infrastructure projects and signals its readiness to take on future challenges in India’s evolving construction landscape.

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