Patel Engineering declared L1 bidder for ₹910 Crore Renuka Ji Dam Project
Patel Engineering Limited has been declared the Lowest Bidder (L1) for the Renuka Ji Dam Project (Package-1) by HPPCL, valued at ₹910.08 crore. The project involves constructing diversion tunnels and access roads, with an execution timeline of 30 months.
The order value of ₹910.08 crore is substantial and will contribute to the company's order book and revenue, but it is not a transformative amount relative to the company's overall size.
The company has been declared the lowest bidder for a significant project, indicating a positive development and potential future revenue.
Patel Engineering Limited (PEL) has been declared the Lowest Bidder (L1) by Himachal Pradesh Power Corporation Limited (HPPCL) for the construction of the Renuka Ji Dam Project (Package-1). The project is valued at ₹910.08 crore, including GST.
The scope of work for this civil contract involves the 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 these tunnels, along with the construction of 6 kilometers of access roads. Furthermore, the project entails the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works.
This project is scheduled to be executed within a timeline of 30 months. The announcement was made on February 23, 2026, at 11:30 am. The company's Managing Director, Ms. Kavita Shirvaikar, stated that this award reinforces PEL's capabilities in delivering large-scale infrastructure projects and its role in India's sustainable development and water resource management.
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