Patel Engineering has been declared as the lowest bidder for two micro irrigation projects worth Rs 1,265 crore located in Madhya Pradesh and Karnataka from Water Resources Department, Government of Madhya Pradesh, and Visvesvaraya Jala Nigam

Patel Engineering gains on bagging two micro irrigation projects

Nucleus Software Exports Ltd, Patel Engineering Ltd, ANG Lifesciences India Ltd and Creative Eye Ltd are among the other losers in the BSE’s ‘B’ group today, 10 March 2023.

Alps Industries Ltd leads losers in ‘B’ group

Orissa Bengal Carrier Ltd, Mawana Sugars Ltd, Patel Engineering Ltd and Rana Sugars Ltd are among the other gainers in the BSE’s ‘B’ group today, 08 March 2023.

Kamdhenu Ventures Ltd leads gainers in ‘B’ group

Rupen Patel, MD of Patel Engineering talks about strategic roadmap for next 3 to 5 years. He said that the company raises Rs 325 Cr via rights issue. JV Win for Rihand Micro irrigation project Strong start for Nifty; trades above 17700. Sensex starts at 60115 points at the market. All sectoral indices in the green. Nifty IT advances over 1%; top sectoral gain led by LTIM, HCL Tech. Here are the trades Nooresh Mehrani and Kunal Bothra are punching in right now! Adani Enterprises: Advances for 5th straight session, Gains over 75% in 5 sessions, Trades below all key DMA levels barring 20 DMA. Watch for more details!

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Tracking Debt And Expansion Outlook With Rupen Patel Of Patel Engineering | ET Now

Patel Engineering allots 25.78 cr rights equity share

The Company being 80% partner in the JV, its share in the project is Rs. 512.04 crore.

Patel Engineering JV bags irrigation project in Madhya Pradesh

Patel Engineering along with the JV Partners have received letter of award for Rihand Micro Irrigation Project from Department of Water Resources, Madhya Pradesh. “The Company being 80 percent partner in the JV, our share in the project is Rs 512.04 crore,” the company added.

Patel Engineering soars 10% on bagging Rs 640 crore irrigation order

Patel Engineering jumped 6.64% to Rs 15.41 after the company, along with its joint venture (JV) partners, bagged Rihand micro irrigation project worth Rs 640.06 crore.

Patel Engineering soars on bagging Rihand micro irrigation project worth Rs 640 crore

Reliance, Tata Steel, Patel Engineering, Orient Cement, Adani Power, HG Infra, Venus Remedies, Elantas Beck, Lemon Tree

Stocks that will see action on February 23, 2023

Patel Engineering on Wednesday said it has bagged a water tunnel and an irrigation project totalling Rs 1,026 crore in Maharashtra and Karnataka. With the latest contract, the company’s total order book has increased to Rs 18,600 crore, Patel Engineering said in a statement.

Patel Engineering bags projects worth Rs 1,026 cr

Rupen Patel, Chairman and Managing Director, Patel Engineering said with these orders the company reaches a total L1 (lowest cost) of ₹1,802 crore.

Patel Engineering bags two orders worth ₹1,027 crore

Hasn't faired well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Patel Engineering Ltd. is an infrastructure and construction services company in India. The Company is engaged in civil construction business.