BSE NSE
Your Result on : Company News Details
Patel Engineering Ltd Industry :  Construction
BSE Code
531120
ISIN Demat
INE244B01030
Book Value (Rs)
40.6190163
NSE Symbol
PATELENG
Divident Yield %
0
Market Cap
(Rs In Cr.)
4,761
P/E (TTM)
21.52
EPS (TTM)
2.62
Face Value
(Rs)
1
Back
Patel Engg gains as JV bags LoA for Rs 525-cr
04-Mar-24   Hrs IST

This contract entails the construction of a reinforced cement concrete (RCC) protection wall of 8.5 km each along both the right and left flanks of the Munneru River, stretching from Polepally to Prakashnagar in the city of Khammam, located in Khammam District.

Additionally, the contract includes construction of embankments of 2 kilometers each on side of the River Munneru near the Nagarjuna Sagar left bank aqueduct in Khammam city, further emphasizing the project's comprehensive approach to enhancing the area's irrigation infrastructure and water management systems.

The company being 51% partner in the JV, its share in the project is Rs 267.93 crore. The project is to be completed in 24 months.

Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects.

The company reported consolidated net profit of Rs 68.83 crore in Q3 FY24 steeply higher than Rs 24.34 crore recorded in Q3 FY23. Net sales jumped by 11% year on year to Rs 1,061.01 crore in Q3 FY24 over Q3 FY23.

Risk Factor   |   Terms & Conditions   |   Privacy Policy   |   Disclaimer   |  Sitemap 
Important Links:   SEBI   |   NSE   |   BSE   |   MCX   |   NCDEX   |   NSDL   |   CDSL  |   FMC
SMS FINANCIAL SERVICES P. LTD -NSE SEBI No. AP1413004363 | BSE SEBI No. AP01091801121968
2017-18 © SMS Financial Services. All rights reserved. Designed, developed & powered by C-MOTS Infotech (ISO 9001:2015 certified)