Patel Engineering bags new order of Rs2,461 crore from Chenab Valley Power Projects

Patel Engineering, a Premier civil building Firm specialised within the hydropower sector, has introduced that it has bagged a Rs2,461 crore contract for the works of “Development of Diversion Tunnel, Concrete Gravity Dam, Consumption, Strain Shafts, Underground Energy Home & Tailrace Tunnel (Lot 1) for Kwar HE Initiatives in District Kishtwar, J & Ok, India” (Kwar HE Mission).

The Kwar HE Mission is being executed by Chenab Valley Energy Initiatives Restricted, a Joint Enterprise of NHPC Restricted (a Govt of India Enterprise) & JKSPDC (a Govt of J & Ok Enterprise) (the Authority) to harness the huge hydro potential of river Chenab. Hon’ble Prime Minister laid the muse stone of Kwar HE Mission.

Kwar HE Mission is a run-of-river scheme with a Concrete Gravity Dam positioned at District Kishtwar of J & Ok. The Mission envisages building of 109m excessive concrete gravity dam above deepest basis throughout river Chenab of size 195m at high. Kwar HEP is a 540MW (4x 135 MW) undertaking with estimate technology of 1975.54 MU (in a 90% reliable 12 months).

The Letter of Acceptance for the Contract is issued by the Authority and the works are scheduled to be accomplished in a interval of 48 months as per the Contract phrases. The Firm already has three ongoing initiatives within the close by Neighborhood within the J&Ok State with related geological terrains which is an added benefit for execution of this new Mission.

Patel Engineering ended at Rs22.05 apiece up by Rs1.05 or 5% from its earlier closing of Rs21 apiece on the BSE.