Patel Engineering Ltd. is a small-cap company with operations in the industrial and construction sectors and a market capitalization of 1,161.20 Cr. Patel Engineering Ltd., founded in 1949, is one of India’s leading providers of infrastructure and construction services. In a statement issued today, the company and the JV Partner claimed a 511 crore order. The irrigation and hydropower civil construction company announced today that Visvesvaraya Jala Nigama Limited (VJNL), formerly known as L1, had granted the company and its joint venture partner a letter of acceptance for the Tumkur Branch Canal (Package V) Micro Irrigation Project. The company’s share of the project is worth 281.07 crore because it is a 51 percent participant in the JV.
“The Micro Irrigation System project includes “Survey, Design, Supply, Installation, Testing, and Commissioning comprising gravity bulk feeders, construction of a Sump cum Pump house, Supply & Installation of Pumping Machineries, Terminal Bay, Electrical Substation, Electric Power Line, as well as other appurtenant works such as construction of a Pipe Distribution Network and Drip Irrigation System including SCADA and Automation to cover an area of 15,090.21 Ha,” Pa explained. The contract is worth Rs. 551.11 crore, and the time period is set at 24 months. The order will be carried out as part of the Upper Bhadra Project, a major lift irrigation scheme currently being implemented in the central region of Karnataka State. The contract type is EPC Turnkey Basis.