Patel Engineering

Patel Engineering Ltd has announced that on October 03, 2007 the Company has bagged an order worth Rs 428 crore or Tapovan Vishnugad Hydro Electric Project from National Power Corporation Ltd in the State of Uttaranchal for a capacity of 520 MW (4 x 130 MW).

The scope of work includes surge shaft, pressure shaft, penstock, tail race tunnel, switch yards and power house. The project is to be completed in 48 months.

"As a conscious effort the Company is focusing itself or high margin hydro power projects. The Company is Prequalified for hydro power projects in excess of Rs 6000 crore. Accordingly, the order book is expected to increase rapidly in coming months. The Company has been executing hydro power projects since last 60 years and will leverage its expertise and execution capabilities to further expand in this sector" said Ashwin Parmar, Dy. Director (Business Development), of the Company.

The Company has recently bagged its first order worth USD 153 million in Algeria from Agence Notionale Des Barrage Et Transfets (ANBT — Algeria) in a Joint Venture. The work includes detailed design and construction of the dam under the Project "Travaux De Construction Du Barrage De Mehouane Sur L'oued E-Guessar (Mehouane Dam)."