Patel Engineering bags projects worth Rs 176 cr
Construction company Patel Engineering Ltd on Monday said it has bagged two railway projects worth Rs 176 crore from Rail Vikas Nigam Ltd, New Delhi.
By PTI |
MUMBAI: Construction company Patel Engineering Ltd on Monday said it has bagged two railway projects worth Rs 176 crore from Rail Vikas Nigam Ltd, New Delhi.
The company bagged a Rs 114.78 crore project, which includes provision of the third track on the Bhatapara-Urkura section on South East Central Railway, Patel Engineering informed the Bombay Stock Exchange.
The company also bagged a Rs 62.05 crore project for civil engineering and connected general electric works for the construction of road bed facilities, including miscellaneous works for Palwal-Bhuteshwar third line (81 Km) on North Central Railway.
"Development of rail network is a key component of infrastructure development in an economy and as a dominant player in the sector, Patel Engineering is playing a pivotal role and these orders will further consolidate its presence in these segments," Patel Engineering Director, Business Development Ashwin Parmar said.
The company recently acquired a controlling stake in Michigan Engineers Pvt Ltd (MEPL), a Mumbai based urban infrastructure company to provide end-to-end solutions in sewer rehabilitation and urban infrastructure space, it added.
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