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Patel Engineering bags ₹1,319 crore order from CIDCO, was declared lowest bidder two weeks agoPreviously, Patel Engineering was also declared the lowest bidder for a Hydropower project worth ₹718 crore from the North Eastern Electric Power Corporation ltd. (NEEPCO). By Juviraj Anchil  May 6, 2025, 10:42:07 AM IST (Published)2 Min ReadPatel Engineering shares gained as much as 4.6% on Tuesday, May 6, after the company announced its second order win in a two-week period.

In an exchange filing, Patel Engineering announced that it has bagged a ₹1,318.89 crore project for the construction of Kondhane Dam from the City and Industrial Development Corporation of Maharashtra (CIDCO).

Earlier, the company had been declared the lowest bidder for the project.

What Does The Project Involve?

This particular project includes civil works for the Kondhane dam construction. The dam will have a length of 1209m and a height of 83m.

In addition, the deal also involves allied works as well as Hydro Mechanical and Electrical works, including 3 radial gates and electrical & manual gate control and other electrification works.

Project Due Date 

The project is slated to be completed within 42 months. The project is located in Village Kondhane, Taluka Karjat, District Raigad, Maharashtra.

Past Orders

Previously, Patel Engineering was also declared the lowest bidder for a Hydropower project worth ₹718 crore from the North Eastern Electric Power Corporation ltd. (NEEPCO).

This contract was for a 240 MW hydroelectric project in Arunachal Pradesh. The project is expected to generate 1,000 million units of energy annually and will improve the power supply in the state.

The company had was declared the lowest bidder for the Kondhane Dam project on April 25.

Patel Engineering Shares

Patel Engineering shares are off the highs of the day, currently trading 0.5% higher at ₹43.21. The stock has gained over 13% in the last month.

Also Read: Patel Engineering declared lowest bidder for two projects worth 55% of its market capContinue Reading(Edited by : Hormaz Fatakia)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsConstructionInfrastructurepatel engineering