Patel Engineering Limited has announced that it has been declared the lowest bidder (L1) for a major hydropower project in Nepal. The contract, valued at over ₹1,500 crore, involves significant civil and hydro-mechanical works. While the development marks a notable addition to the company’s order book, its share price witnessed a decline during the trading session.
Shares of Patel Engineering Limited were trading at ₹27.90 as of 24 April 2026, 12:08 PM, down 1.97% from the previous close of ₹28.46.
The company has been declared the lowest bidder by SJVN Lower Arun Power Development Company (P) Ltd. for Package 2 of the 669 MW Lower Arun Hydropower Project in Nepal. The contract is valued at ₹1,593.08 crore, including VAT, and represents an international infrastructure order.
The awarded package includes key civil and hydro-mechanical components essential to the project. This involves construction of access tunnels, head race tunnels, surge shafts, pressure shafts, and associated infrastructure such as the powerhouse, switchyard, and tailrace channel. The project also includes installation of specialised equipment and supporting road infrastructure.
The execution period for the project is estimated at 54 months. The project site is located in the Sankhuwasabha district of Nepal, near Tumlingtar, and is positioned within a region known for hydropower development potential.
The contract adds to Patel Engineering’s portfolio in the hydropower segment, where the company has established experience. The project aligns with its focus on infrastructure development across domestic and international markets, particularly in the areas of tunnelling and hydroelectric construction.
Established in 1949, Patel Engineering has a presence in hydropower, irrigation, and tunnelling projects. The company has completed a number of dams, hydroelectric facilities, and tunnelling works across India and overseas, working primarily with public sector and government clients.
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The L1 bidder status for the Lower Arun project reflects continued participation by Patel Engineering in large-scale infrastructure projects. While the order strengthens its project pipeline, the share price movement indicates that market participants may be assessing broader factors alongside such developments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 24, 2026, 12:12 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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