Patel Engineering Stock Rises After Securing ₹910 Crore Himachal Dam Project

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Patel Engineering Shares Soar on ₹910 Crore Himachal Dam Project Win

Physicswallah | As many as 71.7 million shares of Physicswallah, or 3% of its outstanding equity, will free up for trade on Thursday, February 12. These are worth ₹829.4 crore. The stock has gained 6% from its issue price of ₹109 per share.

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CNBC TV18•23-02-2026, 16:16

Patel Engineering Shares Soar on ₹910 Crore Himachal Dam Project Win

•Patel Engineering declared L1 bidder for Renukaji Dam Project (Package-1) in Himachal Pradesh, valued at ₹910.08 crore.
•The project involves constructing three diversion tunnels, access roads, hydro-mechanical gates, and instrumentation works.
•Company also secured a ₹133.25 crore irrigation project in Maharashtra through a joint venture, holding a 51% stake.
•Patel Engineering's share in the Maharashtra project is approximately ₹67.96 crore, to be completed in 48 months.
•Shares of Patel Engineering rose 3.30% to ₹28.14 on the NSE following the announcements.

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