Patel Engineering shares jump 14% on getting orders worth Rs 798 crore

Patel Engineering shares jump 14% on getting orders worth Rs 798 crore

Shares of Patel Engineering jumped 14% to Rs 37.89 apiece on November 27 after the company got orders worth Rs 798 crore from Hyderabad-based Saidax Engineers and Infrastructures.

The company received two Letter of Intents for excavation and transportation of coal at a project located at Jhiria West OCP of Hasdeo Area, Bilaspur in Chhattisgarh and for South Eastern Coalfields Ltd.

The stock also saw jump in volumes on November 27 with 99 million shares traded as of 12:15 pm as against 30-day average of 1.9 million shares.

So far in 2025, the stock has declined 29%.

Kavita Shirvaikar, managing director of Patel Engineering, said, "These new projects represent a natural extension of the large-scale infrastructure works we undertake and also open up new avenues. Importantly, these works come in addition to a robust tender pipeline of more than Rs 34,000 crore already bid and under evaluation, as well as further opportunities worth Rs 18,000 crore expected to come up for bidding before the end of this financial year.”

“Looking ahead, nearly Rs 1 lakh crore of projects are anticipated to come up for bidding over the next one to two years in the core areas that we operate. With these opportunities, we are confident that our order book will grow substantially in the coming year and beyond,” Shirvaikar added.

Patel Engineering, established in 1949, is a 76-year-old company with a presence in the hydropower, tunnelling, and irrigation sectors. The company has built a solid reputation for successfully executing projects both in India and abroad.

Over the years, PEL has completed more than 85 dams, 40 hydroelectric projects, and over 300 kilometres of tunnelling, primarily for central public sector undertakings and various state government agencies.