Patel Engineering has appointed Rahul Agarwal, currently Acting Chief Financial Officer as Chief Financial Officer (KMP/SMP) of the Company with effect from 13 November 2024.Powered by Capital Market - Live News

Net profit of Patel Engineering rose 93.95% to Rs 73.04 crore in the quarter ended September 2024 as against Rs 37.66 crore during the previous quarter ended September 2023. Sales rose 14.98% to Rs 1174.33 crore in the quarter ended September 2024 as against Rs 1021.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1174.331021.31 15 OPM %13.8113.71 - PBDT139.5573.18 91 PBT115.8349.74 133 NP73.0437.66 94 Powered by Capital Market - Live News

Patel Engineering will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live News

NHPC has declared Patel Engineering (PEL) as L1 for a Rs. 240.02 crore contract for the works involving modification of diversion tunnel into tunnel spillway arrangement - Civil & Hydro Mechanical works for Package 6 - TEESTA-V POWER STATION, SIKKIM. The project is to be completed in a period of 18 months. The said project is located in the South District of Sikkim State. The scope of work involves Construction of the civil works of the tunnel spillway including construction adit, gate operation chamber and gate shaft, precast bridge, excess road, energy dissipation arrangement of tunnel spillway, dyke and tunnel for environment flow and it`s Gate Operation Chamber (GOC). The Company has vast experience working in North Eastern States. Currently, PEL is working on NHPC - TEESTA VI HEP (Lot-2), which is located near Singtam town - Sikkim, about 30km from the proposed project site. Powered by Capital Market - Live News

Patel Engineering announced that Kuppusubramanian Ramasubramanian (DIN: 01623890), has completed his second and final term as an Independent Director and consequently ceased to be a Director of the Company w.e.f the close of business hours on 19 September 2024. Powered by Capital Market - Live News