Patel Engineering Secures ₹910 Crore Renuka Ji Dam Project (PKG1) LOA
Patel Engineering received a Letter of Acceptance (LOA) for the Renuka Ji Dam Project (Package 1) from HPPCL, valued at ₹910.08 crores. The project is scheduled for completion within 30 months. The scope includes tunnel construction and hydro-mechanical systems.
The value of the new order is substantial and will contribute significantly to the company's order book and future revenue.
The company has secured a significant new order, which is a positive development for its business.
Patel Engineering Limited (PEL) has announced receiving a Letter of Acceptance (LOA) for the Renuka Ji Dam Project (Package 1) from Himachal Pradesh Power Corporation Limited (HPPCL). The project is valued at ₹910.08 crores, including GST. PEL had previously been declared the Lowest Bidder (L1) for this project, and the LOA marks the formal commencement of this significant engagement. The company clarified that this information is not Unpublished Price Sensitive Information (UPSI) as the L1 status was intimated on February 23, 2026.
The project involves the construction of three major diversion tunnels, each with a diameter of 9.5 meters and lengths ranging from 1.3 to 1.6 kilometers. The scope also includes the creation of inlet and outlet structures, development of approximately 6 kilometers of approach and access roads, and installation of hydro-mechanical systems. Comprehensive instrumentation and monitoring systems will also be installed.
The project is scheduled to be completed within a timeline of 30 months. Ms. Kavita Shirvairkar, Managing Director of Patel Engineering, stated that the award reflects HPPCL's confidence in PEL's ability to deliver complex infrastructure projects and emphasized the company's commitment to executing the project with high standards of quality, safety, and innovation.
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Patel Engineering Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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