Dorjlung Hydro Power (DHPL) [JV between Druk Green Power Corporation (DGPC), Bhutan & Tata Power Company (TPCL), India] has issued the LOA to a Mumbai based infrastructure company, Patel Engineering (Company or PEL), for a BTN/INR 230.70 crore (excluding taxes) contract for Package I: Pre Construction Works of the prestigious 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan.The Dorjilung Hydroelectric Power Project is a landmark initiative in Bhutan`s energy sector, and is Bhutan`s largest hydro project under the Public-Private Partnership (PPP) model, designed to fully support the nation`s domestic energy aspirations while enabling the export of surplus clean power to India, thereby strengthening regional energy security. Patel Engineering Ltd. recognizes the strategic importance of this project and is proud to play a role in its execution. Under Package I, PEL will execute the civil and hydromechanical works for the Dorjilung Hydroelectric Power Project. The scope includes construction of two diversion tunnels of 11.0 m diameter with lengths of 930 m and 821 m, an intermediate adit of 7 m finished diameter and 116 m length, and a highway road tunnel of D-shaped cross section measuring 11 m � 7.5 m and 500 m in length. Additionally, the package covers hydromechanical works comprising four sets of vertical lift fixed wheel gates.The construction period is set at 300 days, with a Defects Notification Period of one year. The project site is strategically located about 7 km from Autsho town in Mongar Dzongkhag, Bhutan, making it a critical infrastructure development in the region. Powered by Capital Market - Live News

Patel Engineering has received the Letter of Award (LoA) from Himachal Pradesh Power Corporation (HPPCL) for the prestigious Renuka Ji Dam Project (Package-1), valued at Rs. 910.08 crore including GST. The Company had earlier been declared the Lowest Bidder (L1) for this project, and the receipt of the LoA marks the formal commencement of this significant engagement. The project, located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh, is scheduled to be completed within a timeline of 30 months.Under this package, Patel Engineering will undertake the construction of three major diversion tunnels, each designed with a diameter of 9.5 meters and extending over lengths ranging from 1.3 to 1.6 kilometers. The works also encompass the creation of inlet and outlet structures for these tunnels, development of approximately 6 kilometers of approach and access roads, and installation of advanced hydro-mechanical systems to regulate water flow. Additionally, the project scope includes comprehensive instrumentation and monitoring systems to ensure long term operational reliability and safety.Powered by Capital Market - Live News

Patel Engineering has been declared lowest bidder by Himachal Pradesh Power Corporation (HPPCL) for construction of Renukaji Dam Project (PKG 1) valued at Rs. 910.08 crore. The project entails construction of three diversion tunnels, each with a diameter of 9.5 meters and lengths of 1379 meters, 1468 meters, and 1590 meters respectively. It also includes the development of three inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometres. In addition, the project involves the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works to ensure operational efficiency and safety. Powered by Capital Market - Live News

Net profit of Patel Engineering declined 11.82% to Rs 70.35 crore in the quarter ended December 2025 as against Rs 79.78 crore during the previous quarter ended December 2024. Sales rose 2.81% to Rs 1239.35 crore in the quarter ended December 2025 as against Rs 1205.52 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1239.351205.52 3 OPM %11.6815.26 - PBDT106.31163.40 -35 PBT80.03139.19 -43 NP70.3579.78 -12 Powered by Capital Market - Live News

Patel Engineering will hold a meeting of the Board of Directors of the Company on 14 February 2026.Powered by Capital Market - Live News