Patel Engineering secures Rs428 crore order from National Power Corporation
04 Oct 2007
Mumbai: Patel Engineering Ltd has secured a Rs428-crore order from National Power Corporation Ltd for its 520 MW (4 x 130 MW) Tapovan Vishnugad Hydro Electric Project in Uttaranchal.
The scope of work includes surge shaft, pressure shaft, penstock, tail race tunnel, switch yards and power house. The project is to be completed in 48 months.
"As a conscious effort the company is focusing itself or high margin hydro power projects. The company is prequalified for hydro power projects in excess of Rs6,000 crore. Accordingly, the order book is expected to increase rapidly in coming months.
The company has been executing hydro power projects since last 60 years and will leverage its expertise and execution capabilities to further expand in this sector" said Ashwin Parmar, deputy director (business development), of the company.
Patel
Enginering has recently bagged an order for design and construction worth $153
million in Algeria from Agence Notionale Des Barrage Et Transfets (ANBT Algeria)
in a joint venture.
