Patel Engineering emerges L1 bidder for ₹1,593 Cr Nepal hydro projectPatel Engineering emerges L1 bidder for ₹1,593 Cr Nepal hydro project

Introduction

Leading infrastructure company declared lowest bidder for 669 MW Nepal hydropower project Package 2 worth ₹1,593.08 crore under SJVN Lower Arun development contract.

Also Read: Dudigital Global rallies 10% after bagging 3-year embassy services deal in Kuwait

Share price movement of Patel Engineering

On April 23, 2026, Patel Engineering Ltd opened at ₹28.38, up 0.04% from its previous close of ₹28.37. The stock reached a high of ₹29.37 (3.52%) and a low of ₹28.24 (-0.46%). By 2:31 PM, it traded at ₹28.47, a 0.35% increase, with a market cap of ₹2,824.63 crore.

Patel Engineering Wins Hydro Bid 

Patel Engineering Limited has been declared lowest bidder for Package 2 of the 669 MW Lower Arun Hydropower Project in Nepal by SJVN Lower Arun Power Development Company.

The contract value is ₹1,593.08 crore inclusive of VAT. The project involves civil and hydro mechanical works including tunnels, shafts, power house, switchyard, and related infrastructure development works.

The project execution period is 54 months. It is located in Sankhuwasabha District of Nepal near Tumlingtar. The promoter group has no interest in awarding entity SJVN subsidiary.

Stock performance of Patel Engineering for period of 1 week, 6 months, and 1 year

Patel Engineering Ltd delivered a 1-week return of 0.18%, a 6-month return of -20.7%, and a 1-year return of -32.7%.

Also Read: Indian Hotels Company completes ₹222 Cr deal, acquires 51% in Brij Hospital

Shareholding pattern of Patel Engineering

Particulars	Mar 2026	Dec 2025	Sep 2025
Promoter	31.50%	31.50%	31.50%
FII	3%	3%	3%
DII	6.20%	5.80%	8.20%
Public	56%	56%	54%
others	3.80%	3.80%	3.70%

About Patel Engineering

Patel Engineering Ltd (NSE: PATELENG) is infrastructure company engaged in hydropower, tunnelling and irrigation projects with strong domestic and international execution track record.

Stay Ahead with the Latest Stock Market Updates – Click Here

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

FAQs