Patel Engineering receives ₹126.37 Crore LOA for Tasgaon Irrigation Scheme in Maharashtra
Patel Engineering secured a ₹126.37 crore LOA for the Tasgaon Lift Irrigation Scheme in Maharashtra. PEL's share is ₹64.45 crore. The project, aimed at improving irrigation in Satara district, will be completed within 48 months.
The contract value of ₹126.37 crore is a material addition to the company's order book and is expected to contribute to revenue and profitability.
The company has received a significant Letter of Acceptance for a new project, which is a positive development for its business.
Patel Engineering Limited (PEL) has received a Letter of Award (LOA) valued at ₹126.37 crore (excluding taxes) for the Tasgaon Lift Irrigation Scheme in Maharashtra. PEL's share in this contract amounts to ₹64.45 crore, representing 51% of the total value. The company had previously been identified as the Lowest Bidder (L1) for this project, and the LOA formalizes the award, enabling project execution. This initiative is crucial for enhancing water availability and supporting agricultural development in the Satara district. The project involves constructing an irrigation and water distribution system for a command area of 2,277 hectares across six villages. The scope includes headworks, pump houses, rising mains, delivery chambers, pumping machinery, and a closed pipe distribution network. The project is scheduled for completion within 48 months.
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