Patel Engineering

The Takeover panel of Sebi observed that there is no ultimate change in control in the target company, as the applicant has been shown as a promoter of the target company in the shareholding patterns filed with stock exchanges for the last three years. Hence, the transfer of shares would not prejudice the interests of public shareholders.

Patel Engineering shares gain 5% on winning projects worth Rs 2,036cr

Patel Engineering Share Price | The company declared lowest bidder for a Rs 1,318.89 crore contract for the “construction of Kondhane Dam and its allied works” using Roller Compacted Concrete Technology, from CIDCO.

Patel Engineering JV wins Rs 1,090 crore project; share price trade marginally lower

Patel Engineering Share Price | The said project is located in the state of Maharashtra, Village – Kalaj, Taluka - Phaltan, District – Satara and the project is to be executed in a Joint Venture, of which PEL’s share is 20%.

IDBI Capital initiates coverage on Patel Engineering with a buy rating; ups target price by 54%

The target price reflects expectations of continued strong order inflows, particularly from the hydro power segment, along with the company’s strategic diversification across both geographic and sectoral lines. These factors are anticipated to drive the company’s revenue growth, as per the brokerage.

Ircon International stock gains as PSU inks MoU with Patel Engineering for infra projects

Ircon International shares are in focus after signing an MoU with Patel Engineering for infra projects, while mutual funds and FIIs pared down their stakes during the September quarter.

Patel Engineering shares rise 5% after NHPC contract in Sikkim

The project, which is expected to be completed within 18 months, adds to PEL's robust portfolio in the North Eastern region

Jigar Patel advises profit booking after recent Nifty surge, picks three stock ideas for short term

While the Nifty 50 is currently trading at new highs, there are signs of caution. The daily RSI is showing negative divergence, and the index is facing resistance near a rising trendline.

Patel Engineering stock rises 7% on MoU with RVNL for hydro, infra projects

The MoU allows both companies to bid for projects either jointly or independently. In joint bids, they will coordinate on strategies, structures, and terms to ensure a unified approach.

Patel Engineering shares surge after JV bags project of Rs 317.60 crore

Patel Engineering Share Price | The project is to be completed in a period of 24 months.

Patel Engineering's stock crashes 10% following death of MD Rupen Patel

Rupen Patel passed away late on July 5, the company said in a statement. He was reappointed by the company as the chairman and managing director on April 1 this year and had played a crucial leadership role through which the company benefitted, the statement said.

Buy Patel Engineering; target of Rs 80: ICICI Direct

ICICI Direct is bullish on Patel Engineering recommended buy rating on the stock with a target price of Rs 80 in its research report dated April 22, 2024.

Patel Engineering launches QIP at Rs 59.50 per share

The company in a board meeting in March had approved the resolution to raise not more than Rs 500 crore through the QIP route.

Buy Patel Engineering; target of Rs 66: Anand Rathi

Anand Rathi is bullish on Patel Engineering has recommended buy rating on the stock with a target price of Rs 66 in its research report dated April 16, 2024.

Exclusive: Patel Engineering’s order book to hit Rs 25,000 crore in FY25, says CFO Kavita Shirvaikar

Shirvaikar said the company’s key forte will continue to be hydropower projects for years to come with its share not going below 50 percent. She added that Patel Engineering will expand its base in the pumped storage, irrigation and water supply sectors.

Patel Engineering shares rise 4% as JV declares lowest bidder for irrigation project

The works involves construction of pipe line distribution network for Nira Deoghar Right Bank Main Canal from Km 66 to Km 76.

Patel Engineering wins project worth Rs 446 crore; stock trades lower

The share touched a 52-week high of Rs 62.11 and a 52-week low of Rs 13.10 on 30 August, 2023 and 27 February, 2023, respectively.

Patel Engineering JV bags Rs 1,275 crore project in Madhya Pradesh

The contract was awarded by Madhya Pradesh Jal Nigam, Patel Engineering said, adding its share in the JV project is Rs 446.36 crore.

Patel Engineering locked in 5% upper circuit on Rs 1,818 crore-order win

The total value of contract is Rs 3,637.12 crore. “The company being 50 percent partner in the JV, our share in the project is Rs 1,818.56 crore,” Patel Engineering said in a filing to the exchanges

Patel Engineering rallies to 52-week high after JV bags Rs 1,275-crore project

The project is to be completed in a period of 24 months.

Patel Engineering shares locked at upper circuit on LoA for water tunnel project

Patel Engineering has been awarded the LOA from City and Industrial Development Corporation (CIDCO) for the construction of a 6.70 km long treated water tunnel and associated works from Sai Village to Vindhane Village in Raigad District of Maharashtra.

Patel Engineering rallies 12% on bagging orders worth Rs 508 crore

The stock has given a return of 35.05 percent this year, so far, against the Nifty's 0.1 percent

Gainers & Losers: 10 stocks that moved the most on April 26

As many as 1,858 shares advanced, 1,539 declined, and 133 shares remained unchanged as equity benchmarks ended around 0.3 percent higher

Patel Engineering surges 6% on bagging Maharashtra irrigation projects

Patel Engineering along with its Joint Venture Partners have received Letter of Awards for Krishna Marathwada Irrigation Project – Lift Irrigation Scheme 01 and Krishna Marathwada Irrigation Project – Lift Irrigation Scheme 02 respectively from Water Resources Department, Government of Maharashtra.

Vijay Kedia's name appears in shareholding data, Patel Engineering soars 20% post large deals

Shareholding pattern for the quarter ended December showed Kedia Securities, which is backed by marquee investor Vijay Kedia, owning 1.29 percent stake in Patel Engineering under public shareholders.

Patel Engineering bags Dibang Multipurpose Project worth Rs 3,637 crore

The company's share in this order is Rs 1,818.56 crore, according to a regulatory filing.