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The Economic Times

Patel Engineering secures Rs 240 crore hydropower project from NHPC in Sikkim

Patel Engineering has secured a Rs 240 crore contract from NHPC for a hydropower project in Sikkim. The project involves modifying a diversion tunnel into a tunnel spillway arrangement and includes civil and hydro mechanical works. The order is expected to be completed within 18 months.

Business Standard

Patel Engineering up 5% on emerging lowest bidder for project of Rs 240 cr

The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.

CNBC TV18

Patel Engineering surges 7% on MoU with RVNL for hydro and infra projects

Patel Engineering and RVNL have signed a Memorandum of Understanding (MoU) to jointly pursue hydro and infrastructure projects both in India and abroad.

CNBC TV18

MSCI Adjustments: RVNL shares advance ahead of potential inflows worth up to $220 million

RVNL is also in the news after it announced that it has signed an MoU with Patel Engineering to mark the beginning of a strategic partnership aimed at jointly executing projects in the field of hydro and other infrastructure projects both within India and internationally.

Mint

Patel Engineering share price jumps 6% on signing MoU with RVNL for hydro and other infrastructure projects

RVNL is a multibagger railway PSU stock that has given stellar returns of more than 223% year-to-date (YTD) and over 356% in the past one year.

CNBC TV18

Navratna firm Rail Vikas Nigam partners with Patel Engineering for hydro and infrastructure projects

RVNL share price settled at ₹578.15 on the NSE, flat in the red. So far this year, the rail psu firm has gained more than 217%. Patel Engineering shares also settled in the red, down 1.9%, quoting at ₹53.70 on the NSE. The year-to-date return on the stock is negative at over 17%.

The Economic Times

Janky Patel new chairperson of Patel Engineering after death of Rupen Patel

Janky Patel has been appointed as the chairperson of Patel Engineering following the death of her husband, Rupen Patel, who was the company's chairman and managing director. He passed away late Friday, according to a statement from the company. The statement from Patel Engineering announced, "Rupen Patel, Chairman and Managing Director of Patel Engineering Limited, passed away in the late hours of Friday."