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Patel Engg Wins Rs377-Cr Urban Infra Projects

  • Patel Engg has won a Rs195.21 crore order for rehabilitation of sewerage lines spread across different stretches across the suburban areas in MumbaiConstruction company Patel Engineering has won two urban infrastructure projects amounting to Rs377.04 crore from the Municipal Corporation of Greater Mumbai."The company has won a Rs195.21 crore order for rehabilitation of sewerage lines spread across different stretches across the suburban areas in Mumbai," the company said in a statement.

  • It added that the other Rs181.83 crore project pertains to construction of tunnels from Powai to Veravali and Powai to Ghatkopar high-level reservoir and from Ghatkopar high-level reservoir to Ghatkopar low-level reservoir. The project also involves construction of shafts and allied works.Currently, Patel Engineering is also executing a Rs363.05 crore road project for the Pune Municipal Corporation (PMC). This project stretches from Shivane to Mhatrae Bridge (Phase-1) and Sangamwadi to Kharadi (Phase-3) in Pune, it added.In the late afternoon, Patel Engg was trading at around Rs105 per share on the Bombay Stock Exchange, 4.09% down from the previous close.

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