Patel Engineering Ltd, a renowned civil construction company with expertise in the hydropower and irrigation sector, has secured a significant Urban Infrastructure Development Project valued at Rs 1,275.30 crore. This project has been awarded in collaboration with their joint venture (JV) partner and was granted by Madhya Pradesh Jal Nigam after being declared as the L1 bidder. With Patel Engineering Ltd holding a 35 per cent stake in the JV, their portion of the contract amounts to an impressive Rs 446.36 crore.
The project, titled ‘Engineering, Procurement, Construction, Testing, Commissioning, Trial Run and Operation & Maintenance for 10 Years of Narmada-Gambhir, District Ujjain and Indore Multi-Village Drinking Water Supply Scheme in a Single Package on ‘Turn-key Job Basis’,’ is a substantial endeavor that aligns with the company’s expertise and commitment to delivering vital urban infrastructure.
The contract encompasses various critical aspects, including:
Value of Contract: The contract is valued at a substantial Rs. 1,275.30 crore, reflecting the significance of this urban infrastructure development initiative.
Time Period: The project is scheduled for completion within a tight timeframe of 24 months. Additionally, Patel Engineering Ltd will be responsible for the operation and maintenance of the entire scheme for a decade, highlighting their commitment to the project’s long-term success.
Location: The project is strategically located in Ujjain and Indore, two prominent cities in the state of Madhya Pradesh.
This contract represents an Engineering, Procurement, and Construction (EPC) venture, underlining the company’s comprehensive capabilities in handling complex infrastructure projects.
Rupen Patel, Chairman & Managing Director, Patel Engineering said “I am looking forward to the prestigious Urban Infrastructure Development Project from Madhya Pradesh, Jal Nigam and leveraging our strategic partnership to ensure the project’s success and highlight the company’s dedication to contributing to the development of Madhya Pradesh’s urban infrastructure. This project will have a positive impact on the company’s growth trajectory and demonstrate our technical prowess and engineering skills along with excellent execution capabilities.”
This significant achievement underscores Patel Engineering Ltd’s dedication to contributing to the development of Madhya Pradesh’s urban infrastructure and solidifies their position as a key player in the construction and infrastructure sector.