Patel Engineering's stock is currently trading at Rs. 55.00, marking an increase of 1.49 points or 2.78% from its previous close of Rs. 53.51 on the BSE.

The stock opened at Rs. 55.17 and reached a high of Rs. 57.25 and a low of Rs. 54.86. A total of 669,977 shares have been traded so far.

This BSE 'A' group stock with a face value of Rs. 1 has a 52-week high of Rs. 79.00 as of 06-Feb-2024 and a 52-week low of Rs. 41.99 as of 26-Oct-2023. The stock's high and low for the past week were Rs. 60.77 and Rs. 52.76, respectively. The company’s current market capitalization stands at Rs. 4,639.00 crore.

Promoters hold 36.11% of the company's shares, while institutions and non-institutions hold 9.90% and 53.99% respectively.

Patel Engineering (PEL), in partnership with its Joint Venture (JV) partner, has secured a contract valued at Rs 317.60 crore from the Office of the Executive Engineer, Government of Maharashtra. This project involves constructing a water lifting arrangement for the first stage of the Jigaon project, encompassing civil, mechanical, electrical components, and related works. The project is expected to be completed within 24 months.

Located in Maharashtra, this project is being executed as a Joint Venture, with PEL holding a 35% share. The scope of work includes the construction of water lifting arrangements for LIS 1 to 12 of the first stage from the submergence of the Jigaon project, covering approach channels, rising mains, pumping machinery, switchyards, and all allied civil, mechanical, and electrical works.

Patel Engineering offers a broad range of civil engineering services, including the design and construction of power projects, hydroelectric projects, commercial buildings, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers, and national highways in India and abroad.