Patel Engineering Secures Rs. 910 Crore Contract for Renukaji Dam
Filing Summary
Patel Engineering Ltd has been declared the lowest bidder by Himachal Pradesh Power Corporation Ltd for the construction of the Renukaji Dam Project, valued at Rs. 910 Crore. The project involves constructing three diversion tunnels and associated infrastructure over a 30-month period. This contract is a significant addition to Patel Engineering’s portfolio, emphasizing its role in large-scale infrastructure projects. The project is located in Himachal Pradesh and aims to enhance water storage capacity and support hydropower generation. The contract does not involve any related party transactions.
Patel Engineering Ltd has been declared the lowest bidder by Himachal Pradesh Power Corporation Limited for the construction of the Renukaji Dam Project. The project is valued at Rs. 910 Crore, including GST. This contract is part of the company’s ongoing efforts to expand its infrastructure project portfolio.
The financial terms of the contract specify a total value of Rs. 910 Crore. The contract includes the construction of three diversion tunnels, each with a diameter of 9.5 meters. The lengths of these tunnels are 1379 meters, 1468 meters, and 1590 meters, respectively. The project also involves the development of three inlet and outlet portals for the diversion tunnels, along with the construction of access roads spanning 6 kilometers. Additionally, the installation of hydro-mechanical gates for the diversion tunnels and the execution of instrumentation works are included to ensure operational efficiency and safety.
The scope of work under this contract is extensive. It includes the construction of three diversion tunnels and associated infrastructure. The project is located at Village Dadahu, Tehsil Renuka, District Sirmaur, Himachal Pradesh. The construction of access roads and the installation of hydro-mechanical gates are critical components of the project. The execution of instrumentation works is also a significant part of the project to ensure operational efficiency and safety.
The project is a domestic contract awarded by a domestic entity, Himachal Pradesh Power Corporation Limited. The promoters of Patel Engineering have no interest in the awarding entity, and the contract does not fall under related party transactions. The project is scheduled to be completed within a timeline of 30 months from the date of commencement.
The timeline for the project is set at 30 months, with the date and time of the event occurrence recorded as February 23, 2026, at 11:30 am. The project is expected to enhance water storage capacity, ensure reliable water supply, and support hydropower generation in the region.
Himachal Pradesh Power Corporation Limited is focused on developing power projects in the state of Himachal Pradesh. The corporation is involved in various initiatives to enhance the state’s power generation capacity, particularly in the hydropower sector.
Patel Engineering Ltd is a company with a strong presence in the hydropower, tunneling, and irrigation segments. Established in 1949, the company has a consistent track record in executing projects both domestically and internationally. Patel Engineering has completed over 85 dams, 40 hydroelectric projects, and more than 300 kilometers of tunneling for clients, primarily central PSUs or state government organizations.