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Patel Engineering bags new order of Rs2,461 crore from Chenab Valley Power Projects

The Letter of Acceptance for the Contract is issued by the Authority and the works are scheduled to be completed in a period of 48 months.

May 13, 2022 3:45 IST | India Infoline News Service
Patel Engineering, a Premier civil construction Company specialised in the hydropower sector, has announced that it has bagged a Rs2,461 crore contract for the works of “Construction of Diversion Tunnel, Concrete Gravity Dam, Intake, Pressure Shafts, Underground Power House & Tailrace Tunnel (Lot 1) for Kwar HE Projects in District Kishtwar, J & K, India” (Kwar HE Project).

The Kwar HE Project is being executed by Chenab Valley Power Projects Limited, a Joint Venture of NHPC Limited (a Govt of India Enterprise) & JKSPDC (a Govt of J & K Enterprise) (the Authority) to harness the vast hydro potential of river Chenab. Hon’ble Prime Minister laid the foundation stone of Kwar HE Project.

Kwar HE Project is a run-of-river scheme with a Concrete Gravity Dam located at District Kishtwar of J & K. The Project envisages construction of 109m high concrete gravity dam above deepest foundation across river Chenab of length 195m at top. Kwar HEP is a 540MW (4x 135 MW) project with estimate generation of 1975.54 MU (in a 90% dependable year).

The Letter of Acceptance for the Contract is issued by the Authority and the works are scheduled to be completed in a period of 48 months as per the Contract terms. The Company already has three ongoing projects in the nearby Vicinity in the J&K State with similar geological terrains which is an added advantage for execution of this new Project.

Patel Engineering ended at Rs22.05 apiece up by Rs1.05 or 5% from its previous closing of Rs21 apiece on the BSE.

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