Patel Engineering Share Price in Focus; Secures Renuka Ji Dam Project LOA Worth ₹910.08 Crore

On March 19, 2026, Patel Engineering Limited announced the receipt of a Letter of Award (LOA) from Himachal Pradesh Power Corporation Limited (HPPCL) for the Renuka Ji Dam Project (Package-1), valued at ₹910.08 crore.  

This development follows the company's earlier designation as the Lowest Bidder (L1) for this project. 

Details of the Renuka Ji Dam Project 

The Renuka Ji Dam Project is located in Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh. Patel Engineering will undertake the construction of 3 major diversion tunnels, each with a diameter of 9.5 meters and lengths ranging from 1.3 to 1.6 kilometers.  

The project also includes the development of inlet and outlet structures, approximately 6 kilometers of approach and access roads, and the installation of advanced hydro-mechanical systems to regulate water flow. 

Additionally, comprehensive instrumentation and monitoring systems will be implemented to ensure long-term operational reliability and safety. The project is scheduled to be completed within a timeline of 30 months. 

Significance of the LOA 

The receipt of the LOA marks a formal commencement of this significant engagement for Patel Engineering.  

The company had previously been declared the L1 bidder for the project, and this award reflects the confidence HPPCL has placed in Patel Engineering's ability to deliver complex infrastructure projects with precision and reliability. 

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Company Overview 

Patel Engineering Ltd., established in 1949, has a strong presence in the hydropower, tunnelling, and irrigation segments.  

With a track record of completing over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunnelling, the company has consistently executed projects for central PSUs and state government organisations. 

Patel Engineering Share Price Performance 

As of March 19, 2026, at 12:35 PM, Patel Engineering share price on NSE was trading at ₹25.09 up by 0.48% from the previous closing price. 

Conclusion 

Patel Engineering's receipt of the LOA for the Renuka Ji Dam Project underscores its expertise in executing large-scale infrastructure projects. The company's commitment to quality, safety, and innovation remains evident as it embarks on this significant project in Himachal Pradesh. 

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