Patel Engineering bags Rs 1,818.5cr share in Dibang Multipurpose Project

Patel Engineering Limited, a leader in the civil construction sector specializing in hydropower and irrigation, has announced a significant milestone. The company, in joint venture with an unnamed partner, received a letter of award from NHPC Limited for Lot-4 of the Dibang Multipurpose Project. As a 50% partner in the JV, Patel Engineering‘s share in this monumental project amounts to Rs. 1,818.56 crores.

Details of Dibang Multipurpose Project Unveiled

The Dibang Multipurpose Project, located in Arunachal Pradesh, India, involves the construction of various complex civil works. These include Head Race Tunnels, Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail Race Tunnels, Pothead Yard, and Adits. The project aims to generate 2880 MW of power through 12 units of 240 MW each. Valued at Rs. 3,637.12 crores, the project is set for completion within a span of 86 months and operates on an EPC Item Rate Basis contract.

Strategic Importance for Patel Engineering

Patel Engineering’s share of Rs. 1,818.56 crores in the Dibang Multipurpose Project marks a significant addition to the company’s portfolio in the hydropower and irrigation sector. The project’s comprehensive scope in civil construction fortifies Patel Engineering’s standing as a specialized civil construction company in these sectors.

Long-term Implications and Timelines

The Dibang Multipurpose Project is of considerable scale and complexity, requiring specialized expertise in civil construction. Patel Engineering’s partnership in the project not only validates the company’s capabilities but also underlines its importance in contributing to India’s growing infrastructure needs in the hydropower and irrigation sectors.

This landmark deal with NHPC Limited further cements Patel Engineering’s position in India’s civil construction landscape, particularly in the high-stakes areas of hydropower and irrigation. The project is slated to significantly impact both the energy and water sectors in the country, providing more efficient and sustainable solutions for years to come.