Patel Engineering Shares Surge 5% on Winning Major Contracts Worth Rs 2,036 Crore

Market Performance

Patel Engineering shares experienced a strong rally, gaining 5% during early trade on April 25, 2025. The surge comes after the company was announced as the lowest bidder for two major infrastructure projects totaling Rs 2,036.89 crore. The stock climbed to Rs 46.60, marking a rise of Rs 2.25 (5.07%) on the Bombay Stock Exchange (BSE).

At 09:20 AM, Patel Engineering continued to see gains, extending a five-day positive streak in the market.

Main News

Patel Engineering's rise was driven by two significant project wins:

• HEO Hydro Electric Project: NEEPCO awarded the company a Rs 718 crore contract for the 240 MW HEO Hydro Electric Project in Arunachal Pradesh. This project will generate an annual energy output of 1,000 million units (MU) and will be completed within 44 months. It will enhance the state's power supply and balance the national grid.
• Kondhane Dam Project: The company also emerged as the lowest bidder for a Rs 1,318.89 crore contract with CIDCO to construct the Kondhane Dam in Maharashtra. The construction will involve civil works for a 1209-meter-long, 83-meter-high dam, along with hydro-mechanical and electrical work. The project is expected to be completed in 42 months.

These wins have bolstered investor confidence and driven the stock's positive momentum.

Company Details

• Stock Overview: Patel Engineering's stock is trading at Rs 46.60, a 5% increase from the previous session.
• 52-Week Range: The stock has shown significant volatility, with a high of Rs 74.38 on June 19, 2024, and a low of Rs 33.65 on April 7, 2025.
• Market Capitalization: The company currently has a market capitalization of Rs 3,934.79 crore.
• Performance in the Last Year: Despite today's gains, the stock has declined by 27% over the last year.

Summary of the Article

Patel Engineering's share price gained 5% on April 25, 2025, following the announcement of two major project wins. The company was declared the lowest bidder for contracts worth over Rs 2,000 crore, including the Kondhane Dam and HEO Hydro Electric Project. This news has significantly boosted market sentiment towards the company, which has faced a tough year but shows promise with these new infrastructure contracts.