Patel Engineering Limited has been declared the lowest bidder by Himachal Pradesh Power Corporation Limited (HPPCL) for the construction of the Renukaji Dam Project (Package 1) valued at ₹910.08 crore including GST.
On February 23, 2026, Patel Engineering informed the stock exchanges that it has been declared the lowest bidder (L1) by Himachal Pradesh Power Corporation Limited (HPPCL) for the Renukaji Dam Project (Package 1) valued at ₹910.08 crore including GST.
The project is located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh and is scheduled to be completed within a timeline of 30 months.
The company confirmed that promoters have no interest in the entity awarding the contract and that this is not a related party transaction.
The scope of works under this package comprises the construction of 3 diversion tunnels, each with a diameter of 9.5 meters and lengths of 1,379 meters, 1,468 meters, and 1,590 meters respectively.
The project also includes the development of 3 inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometres.
In addition, the project involves the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works to ensure operational efficiency and safety.
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The Renukaji Dam Project is a critical initiative aimed at enhancing water storage capacity, ensuring reliable water supply, and supporting hydropower generation.
The contract has been awarded by Himachal Pradesh Power Corporation Limited, a domestic entity, and involves civil construction work to be executed over a period of 30 months.
Patel Engineering has a track record in executing hydropower, tunnelling and irrigation projects for central PSUs and state government organisations.
As of February 23, 2026, at 2:48 PM, Patel Engineering share price on NSE was trading at ₹28.05 up by 2.97% from the previous closing price.
Patel Engineering has been declared the lowest bidder for the Renukaji Dam Project valued at ₹910.08 crore. The project involves construction of diversion tunnels, access roads, and installation of hydro-mechanical gates, to be completed within 30 months for Himachal Pradesh Power Corporation Limited.
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Published on: Feb 23, 2026, 3:11 PM IST
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