Patel Engg, Gammon JV bags Rs 806cr hydro-electric project

New Delhi, Mar 30 (UNI) Patel Engineering Ltd today said its joint venture with Gammon Ltd bagged a Rs 806 crore order from the Satluj Jal Vidyut Nigam Ltd for the 434 MW Rampur Hydro Electric Project.

Satluj Jal Vidyut Nigam Ltd is a joint venture between the Centre and Himachal Pradesh government.

The project is located on the river Satluj in Shimla and Kullu Districts of Himachal Pradesh. The project work involves construction of a 15-km-long head race tunnel (HRT), a 140-m deep surge shaft and a power house on the right bank of river Satluj near Village Bael in district Kullu.

The project will be completed in the next 54 months.

''Given the fact that a large number of hydro power projects are being awarded and the construction component accounts for 70 per cent of the cost of a hydro power project, we believe that this segment offers good growth potential,'' Patel Enginnering Whole-Time Director Sonal Patel said.

The company has participated in 22 per cent of India's 32,000 MW hydroelectric projects.

The company's order book position stands at around Rs 4,800 crore, which includes Michigan Engineers order book of Rs 50 crore in urban infrastructure.

Of this Rs 4,800 crore, 50 per cent of the orders are from hydro division, 28 per cent irrigation and 22 per cent in transportation and other sectors.

UNI