Patel Engineering gains on securing Rs. 798 crore coal excavation order

Patel Engineering receives two Letter of Intents from Saidax Engineers and Infrastructures

Patel Engineering received two Letter of Intents from Saidax Engineers and Infrastructures Pvt Ltd for the execution of excavation and associated
works and transportation of coal at a project located at Jhiria West OCP of Hasdeo Area, Bilaspur, Chhattisgarh, for South Eastern Coalfields Ltd (SECL).

The total project value for both letter of intents combined is Rs. 798.19 crores (excluding taxes).

The combined scope of work includes "Composite Work Overburden Removal including Rehandling, Coal Cutting by Surface Miner, Loading and Transportation of Coal as well as Hiring of all required plant and equipment, supply of required quantity of diesel and complete maintenance of plant and equipment, required staff and labour for execution of works.

With a proven track record in large-scale infrastructure projects, Patel Engineering Ltd. is wellpositioned to execute this work seamlessly.

At 12.38 pm, Patel Engineering was trading at Rs. 38.12, up by 14.96%, with a volume of 140.61 lakh shares on the BSE.