Highlights

• Patel Engineering receives two LOIs for excavation and coal transportation projects at SECL.
• Combined project value of the LOIs totals ₹798.19 Cr, excluding taxes.
• Project execution period is scheduled over nine years for Jhiria West OCP, Bilaspur.

Patel Engineering Ltd (NSE:PATELENG), established in 1949, operates in hydropower, tunneling, and irrigation sectors. Over its 76-year history, PEL has completed more than 85 dams, 40 hydroelectric projects, and over 300 km of tunneling work, primarily for central PSUs and state government organizations in India.

Patel Engineering Secures New Orders for SECL Projects

Patel Engineering has received two Letters of Intent (LOIs) from Saidax Engineers and Infrastructure Pvt Ltd for excavation and associated works, including coal transportation, at a project located at Jhiria West OCP of Hasdeo Area, Bilaspur, Chhattisgarh. The projects are commissioned by South Eastern Coalfields Limited (SECL).

The total value of the LOIs amounts to ₹798.19 Cr, excluding applicable taxes. The orders include excavation, composite work overburden removal with rehandling, coal cutting using surface miners, loading and transportation of coal, hiring of all required plant and equipment, supply of diesel, and complete maintenance of equipment along with necessary staff and labor for execution.

Project Details

The projects are domestic in nature, awarded by Saidax Engineers and Infrastructure Pvt Ltd. The execution timeline for both contracts is nine years. The promoters and promoter group of Patel Engineering Ltd do not hold any interest in the entity awarding the contracts. These projects do not qualify as related party transactions.

Share Price Snapshot

PATELENG was trading 15.83% higher at ₹ 38.4 per share as of 27 November 2025.

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