Patel Engineering Limited, a civil construction Company specialized in the hydropower and irrigation sector, today announced that, the Company along with its Joint Venture Partners have received Letter of Awards (LOAs) 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, where the Joint Ventures were declared L1 (Lowest bidders) earlier.
The Company being 51% partner in a JV in Scheme 01 Project and 60% partner in a JV in Scheme 02 Project, our share in aggregate for these two projects is Rs. 451.28 crore.
About the Projects :
Description: Investigation, design, construction, testing, commissioning of works comprising of civil and allied works under lift irrigation Scheme no.1 and Scheme no.2 of Krishna Marathwada Irrigation Project, Dist. Osmanabad, State Maharashtra.
Total value of contracts: Rs. 841 crore
Time period: 36 months respectively
Location: Krishna Marathwada Irrigation Project, District Osmanabad, State Maharashtra.
Type of contracts: EPC Turnkey Basis
Rupen Patel, Chairman and Managing Director, Patel Engineering Limited said, “We are extremely happy for being awarded these projects which once completed would help in tackling the problem of drought in the suicide-prone Marathwada region. The Government has been focusing and providing more impetus to the irrigation sector to improve agricultural productivity in the Country and we are improving our presence in this sector and contributing our bit to the betterment of the society.”
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