Patel Engineering wins ₹240 crore NHPC hydropower contract for Teesta-V Project in Sikkim
Published on 19/07/2025 01:20 AM
Patel Engineering wins ₹240 crore NHPC hydropower contract for Teesta-V Project in SikkimThe scope of work involves modifying the diversion tunnel into a tunnel spillway arrangement under Package 6 of the project. Located in the South District of Sikkim, the project is expected to be completed within 18 months. Shares of Patel Engineering Ltd ended at ₹39.50, down by ₹0.43, or 1.08%, on the BSE.By Jomy Jos Pullokaran July 19, 2025, 1:20:46 AM IST (Published)2 Min ReadPatel Engineering Limited (PEL) on Friday (July 18) said it has secured a contract worth ₹239.98 crore, inclusive of taxes, from NHPC Ltd for civil and hydro mechanical works at the Teesta-V power station in Sikkim.
The scope of work involves modifying the diversion tunnel into a tunnel spillway arrangement under Package 6 of the project. Located in the South District of Sikkim, the project is expected to be completed within 18 months.
Key components include construction of the tunnel spillway, gate operation chamber and shaft, precast bridge, access road, energy dissipation structures, dyke, environmental flow tunnel, and related infrastructure.
Also Read: Patel Engineering declared lowest bidder for two projects worth 55% of its market cap
In May this year, Patel Engineering announced that it had bagged a ₹1,318.89 crore project for the construction of Kondhane Dam from the City and Industrial Development Corporation of Maharashtra (CIDCO). 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. The project is slated to be completed within 42 months. The project is located in Village Kondhane, Taluka Karjat, District Raigad, Maharashtra.
Shares of Patel Engineering Ltd ended at ₹39.50, down by ₹0.43, or 1.08%, on the BSE.
Also Read: Patel Engineering wins contract worth ₹711 crore for hydropower project in Arunachal PradeshContinue ReadingCheck 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!TagsNHPCpatel engineeringshare market today