Monday, December 3, 2007

Patel Engineering bags order worth Rs 1.19 bn

Patel Engineering bagged an order worth Rs 1.19 billion for double lake tapping and other civil works of Koyna Dam Foot Power House, Government of Maharashtra, Water Resources Department.

The scope of work for the project also includes construction of head race tunnel, tail surge shaft, pressure shaft, intake structure, barrage etc. Norconsult AS from Norway will be the consultant to the project.

Lake Tap is a well proven solution of a tunnel piercing the lake or sea bottom. Shares of the company were last trading up Rs 20.2, or 2.64%, at Rs 786.3. The total volume of shares traded at the BSE was 10,243.(1.15 p.m ,Monday ).

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