Patel Engg qualifies for projects aggregating Rs 5,500 cr

Mumbai, Mar 6 (UNI) Infrastructure and civil construction major Patel Engineering today announced that it has qualified for a number of infrastructure projects aggregating Rs 5,500 crore.

A Patel Engg release here today stated that among them are the Rs 700 crore Loharingpala Hydro Electric Project, Rs 800 crore Vishnu Tapovan Hydro Electric Project, Rs 700 crore Rampur Hydro Electric Project and Rs 800 crore Pala Tiloth Hydro Electric Project.

The release said that the Rs 1,000 crore Kishan Ganga Hydro Electric Project and Rs 3,500 crore Tipaimukh Hydro Electric Project are in the market, as turnkey hydro electric projects for which the company is in the process of forming joint ventures with international contractors.

The company currently has an unexecuted order book position of around Rs 4,400 crore.

Patel Engineering has also announced its plans to foray into hydro power generation as an independent power producer. From next year, the company plans to bid for medium-sized projects in the range of 100 MW to 500 MW on a built, own, operate and transfer basis in the north and north-eastern regions of India.

The company in a consortium with Larsen and Toubro, had recently bagged the 520 MW Parbati hydro electric project stage (III) worth Rs 439.07 crore from the National Hydro-electric Power Corporation, stated the release.

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