Patel Engineering Limited
Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works in areas like hydro, irrigation & water supply, urban infrastructure and transport.
What Patel files
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- Investor Meet77
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- Updates24
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Patel Engineering divested its 32% stake in associate ACP Tollways for Rs 55 Cr. Previously, ACP Tollways reported a Rs 12.73 Cr loss and Rs 26.02 Cr net worth. This strategic sale of a loss-making investment could positively impact the company's financials.
Patel Engineering reported 7 worker fatalities in FY25-26, an increase from previous year, while overall recordable work injuries for workers declined. The company raised well-being spending & boosted procurement from MSMEs to 37.52% of inputs. New IoT tech monitors air quality and fuel efficiency.
Patel Engineering concluded rescue operations at its Samardung Tunnel project, retrieving all 25 trapped personnel. The company will provide ₹1.25 Cr (₹5 lakh each) as ex-gratia assistance to the families of the deceased.
Patel Engineering reports a serious incident at its Samardung Tunnel project in North Sikkim. A gas leak led to a burst/explosion, trapping 25 personnel and causing casualties. Rescue operations are ongoing with emergency agencies, and a detailed investigation into the cause will follow.
Patel Engineering secured a Letter of Acceptance for the Tasgaon Lift Irrigation Scheme in Maharashtra. The project is valued at ₹126.37 Cr, with PEL's share at ₹64.45 Cr, aiming to strengthen irrigation infrastructure and boost agricultural development.