{"id":6293,"date":"2025-02-18T10:27:19","date_gmt":"2025-02-18T04:57:19","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=6293"},"modified":"2025-02-18T10:27:21","modified_gmt":"2025-02-18T04:57:21","slug":"patel-engineering-shares-dip-slightly-after-winning-%e2%82%b91090-crore-project-bid","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/patel-engineering-shares-dip-slightly-after-winning-%e2%82%b91090-crore-project-bid\/","title":{"rendered":"Patel Engineering Shares Dip Slightly After Winning \u20b91,090 Crore Project Bid"},"content":{"rendered":"\n<p>Shares of Patel Engineering (PEL) traded marginally lower in early trade on February 18, despite the company being declared the lowest bidder (L1) for a project worth \u20b91,090.45 crore.<\/p>\n\n\n\n<p>At 9:23, shares of Patel Engineering fell 0.31%, down by \u20b90.14, and traded at \u20b944.38 on the BSE.<\/p>\n\n\n\n<p>The contract has been awarded by the Maharashtra Krishna Valley Development Corporation, Pune, for laying of a pipeline distribution network from Km 87 up to Km 135 of the Nira Deoghar Right Bank Main Canal.<\/p>\n\n\n\n<p>The project location is in Kalaj village, Phaltan taluka, District of Satara, Maharashtra, and its deadline is 36 months.<\/p>\n\n\n\n<p>Patel Engineering will perform the job under a Joint Venture (JV) with its 20% equity share in the JV.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Scope of Work<\/strong><\/h3>\n\n\n\n<p>The contract involves:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Excavation &amp; refilling<\/strong> for pipe trenches<\/li>\n\n\n\n<li><strong>Laying &amp; jointing<\/strong> of pipelines<\/li>\n\n\n\n<li><strong>Installation of valves, chambers &amp; outlets<\/strong><\/li>\n\n\n\n<li><strong>Testing of pipelines<\/strong><\/li>\n\n\n\n<li><strong>Operations, repair &amp; maintenance for 5 years<\/strong> after project completion<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Stock Performance<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>52-week high:<\/strong> \u20b974.99 (February 27, 2024)<\/li>\n\n\n\n<li><strong>52-week low:<\/strong> \u20b942.51 (February 12, 2025)<\/li>\n\n\n\n<li>The stock is currently <strong>40.82% below its 52-week high<\/strong> and <strong>4.4% above its 52-week low<\/strong>.<\/li>\n\n\n\n<li>Patel Engineering\u2019s share price has <strong>declined over 30% in the last year<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>Despite securing a significant project, the stock remained under pressure, indicating that investors may await further clarity on execution and profitability.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <strong><a>media@lakshmishree.com<\/a><\/strong>.<\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/patel-engineering-share-price-in-focus-after-jv-wins-rs-1-090-crore-project-12943478.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/stocks\/patel-engineering-share-price-in-focus-after-jv-wins-rs-1-090-crore-project-12943478.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol.<\/a><\/sup><\/sub><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Patel Engineering (PEL) traded marginally lower in early trade on February 18, despite the company being declared the lowest bidder (L1) for a project worth \u20b91,090.45 crore. At 9:23, shares of Patel Engineering fell 0.31%, down by \u20b90.14, and traded at \u20b944.38 on the BSE. The contract has been awarded by the Maharashtra [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1023],"class_list":["post-6293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-patel-engineering-project"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6293"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6293\/revisions"}],"predecessor-version":[{"id":6295,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6293\/revisions\/6295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6294"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}