Shares of Patel Engineering are expected to garner investor attention in Thursday’s session, November 27, after the company announced securing multiple orders. In a post-market filing, the company stated it received two Letters of Intent from Saidax Engineers and Infrastructure Private Limited. The orders, valued at ₹798.19 crore over nine years, cover excavation, composite work, overburden removal, coal cutting using surface miners, transportation, equipment hiring, diesel supply, and maintenance, with all required staff provided. The company confirmed these are not related-party transactions, and neither the promoters nor promoter group have any interest in the awarding entity.
Managing Director Kavita Shirvaikar highlighted that these projects are a natural extension of Patel Engineering’s large-scale infrastructure portfolio and open new avenues, adding to an existing tender pipeline exceeding ₹34,000 crore, with additional opportunities of ₹18,000 crore anticipated this fiscal year.
For Q2FY26, the company reported consolidated revenue of ₹1,208 crore, up 2.9% YoY, while operating EBITDA slightly declined to ₹159 crore and net profit fell to ₹77 crore. The order book stands at ₹15,146 crore, primarily in hydroelectric projects.
