Patel Engineering Wins Hydropower Project Worth Rs 240 Cr from NHPC

Key Takeaways from Patel Engineering’s Contract Win:

• Patel Engineering has won a Rs 240.02 crore contract, which it will execute in 18 months.
• Civil and hydro-mechanical works for the Teesta V Power Station located in Sikkim's South District include diversion tunnel modification along a 164m stretch to form a tunnel spillway.
• The other company that is currently working on NHPC - Teesta VI Hydro Electric Project (Lot-2) situated about 30 km from the new site near Singtam, has pipes of 30-inch diameter and a length of 2500 metres or similar joints.
• The key tasks consist of a tunnel spillway, an adit, a gate operation chamber, a gate shaft, a precast bridge, access roads, and energy dissipation structures.
• The above agreement seems to give the impression that Patel Engineering has won the trust of NHPC in its technical and developmental capabilities to build hydroelectric infrastructure for the green power source in the region.

The contract involves the modification of a diversion tunnel into a tunnel spillway arrangement as part of the civil and hydro-mechanical works for Package 6 of the Teesta-V Power Station, located in Sikkim’s South District.

The company is currently working on NHPC - Teesta VI Hydro Electric Project (Lot-2), which is about 30 km from the new site near Singtam. The latest contract once again reflects the confidence that NHPC has in PEL's capability and commitment to develop the region's hydroelectric infrastructure for fostering sustainable energy development in Sikkim.

The contract consists of the construction of several components like the tunnel spillway, adit, gate operation chamber, gate shaft, precast bridge, access roads, and energy dissipation structures. In addition, PEL will construct an environmental flow dyke and tunnel with its associated GOC.

About NHPC Limited:

NHPC Limited was formerly known as the National Hydroelectric Power Corporation and was established in 1975. Currently, it is India's largest hydropower development organisation, capable of handling all aspects of hydro project development. The organisation has diversified into solar and wind energy. It has an aggregate installed capacity of 7,144.20 MW, with 6,971.20 MW accounted for by hydropower alone, which makes up around 14.85% of the total hydro capacity in the country. Currently, NHPC is constructing 15 projects that have an aggregate capacity of 10,442.70 MW, and it also has 12 more projects under clearance, while four hydroelectric and six pumped storage projects are under survey. 

About Patel Engineering Limited:

Patel Engineering Limited (PEL) is a company with a history of 75 years of service, established in 1949. PEL is an expert contractor that specialises in executing irrigation, tunnels and underground work for hydroelectric and dam projects. The company has delivered projects both in the domestic and international markets. The company has successfully executed over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling work, mainly for central public sector units and state government entities.

Key Takeaways from the Order Win

• KEC International has won orders worth ₹1,003 crores across the railways, civil, and cable sectors.
• The civil business expands into the metals and mining sector with a new steel plant order.
• With these orders, the year-to-date order intake exceeds ₹12,300 crores, reflecting 60% growth compared to last year.

As mentioned in a stock exchange filing, KEC International has bagged an order for a tunnel ventilation system and associated works in India as part of its railway business. The Civil segment of the company has received a new order for civil and mechanical works in a steel plant in India. The Cables business has also secured orders for the supply of various types of cables for the domestic and export markets. 

Commenting on the order win, Mr Vimal Kejriwal, MD & CEO, of KEC International Ltd. said, “We are pleased with the order wins secured across our business verticals. Our Railway business has strengthened its presence in the emerging Tunnel Ventilation segment, while our Civil business has expanded its portfolio with the addition of a prestigious new client in the Metals & Mining segment. With these orders, our YTD order intake stands at over Rs. 12,300 crores, reflecting a stellar growth of over 60% compared to last year. Notably, a substantial ~70% of this year’s order intake comes from our Transmission & Distribution (T&D) business.”

About KEC International Limited 

KEC International is a leading global player in the Engineering, Procurement, and Construction (EPC) sector. The company operates across various verticals including Power Transmission and Distribution, Railways, Civil and urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. With ongoing infrastructure projects in over 30 countries and a presence in more than 110 countries (spanning EPC and the supply of towers and cables), KEC is the flagship company of the RPG Group.

About RPG Enterprises

Founded in 1979, RPG Enterprises is one of India's fastest-growing business groups, with a revenue of USD 4.8 billion. The group has a diverse range of businesses spanning Infrastructure, Tyres, Pharmaceuticals, IT, and Specialty sectors, along with a focus on emerging, innovation-driven technology ventures.

Key Takeaways from Dev Information Technology Contract Win:

• Dev Information Technology has secured a significant contract from RajCOMP Info Services Limited in Rajasthan.
• This is an initiative under RERA 2.0, which seeks the upliftment of the real estate industry.
• The project amounts to nearly 1 Crore and will take about 24 months to complete.
• DEV IT will conduct the study, design, development, and implementation of the RERA 2.0 Online Portal as support for a sustainable real estate market in Rajasthan.

The contract is expected to be delivered within 24 months. In the course of this agreement, DEV IT will conduct a study, design, development, and implementation for the RERA 2.0 Online Portal. 

The ultimate aim would be the improvement of its potential to serve according to Rajasthan's vision for the future in relation to a sustainable and booming real estate sector.

Commenting on the recent order, Pranav Pandya, Founder & Chairman, said, “ Such contracts demonstrate our capability to address complex IT requirements and deliver impactful solutions that improve public sector services”. 

“The growing trust from public sector clients underscores our expertise. Our collaboration with the Government of Rajasthan marks an important milestone, and we look forward to future opportunities,” added Pandya.

About Dev Information Technology Limited:

Founded in the year 1997, Dev Information Technology Limited is a business automation software solutions provider company that has grown from being a small-scale venture to becoming one of the leading IT services companies in the world. It is a city-based company that is widely spread across India and Canada, but has given immense importance to continuous innovation and quality and focuses on effective process mechanisms with a client-centric approach to understand the specific goals of various businesses around the world. 

The company specialises in Cloud Services, Digital Transformation, and Application Development, among other things, DEV IT offers its products- the analytics platform Talligence, and ByteSigner, the digital signing solution. The company is committed to making businesses better through advanced technology solutions and has a fulfilling experience for its customers, guided by a well-balanced and robust leadership team at the helm of affairs, driving its vision forward. With DEV IT, the future course is planned and will pursue digital transformation and superior value delivery, embracing new opportunities and challenges as it continues along the path forward.

Key Takeaways from HFCL Partnership with GA-ASI:

• HFCL Limited has partnered with GA-ASI to design the key structural and mission components of next-generation unmanned aerial vehicles.
• Through this partnership, HFCL shall be an associate in sub-system development for existing as well as future ones from GA-ASI, further embedding India's commitment to Defense Technology.
• A significant part of the project is a lightweight radar sub-system configured to meet military specifications.
• The subsidiary of HFCL, Raddef, would be the most critical contributor as it specialises in radar solutions.
• The new Drone Detection Radar being developed by HFCL will also be a major part of the latest versions of security systems.

The collaboration between HFCL and the renowned US-based leading developer of unmanned aircraft systems, GA-ASI, is a critical step by HFCL to become an important player in the fast-growing UAV market.

The co-development will involve making sub-systems for present and future UA of GA-ASI, which happens to be an increasing investment of India in defence technology. The order has particularly noted the strong research and development capabilities.

The lightweight radar sub-system, a key component of this co-development, will have to meet all military-type requirements. HFCL's products are renowned for their durability and effectiveness in difficult conditions strengthening its position in the defence sector.

Raddef, a subsidiary of HFCL, would thereafter emerge as a crucial contributor to this endeavour. The company's progress in the area of radar solutions development is quite renowned in the industry. Moreover, a new Drone Detection Radar is in development and it will play a crucial role in today's and tomorrow's security systems. This alliance with GA-ASI appears to be a significant stride in the quest undertaken by HFCL for innovation in defence technology.

“Our selection by General Atomics Aeronautical Systems Incorporated to develop critical sub-systems for the UAVs is a proud moment for us and reflects our unwavering commitment to the Make in India initiative. These drones, with their versatile applications, symbolise our resolve to contribute to the defence forces with cutting-edge technology”, Mahendra Nahata, Managing Director of HFCL said. 

About HFCL Limited:

HFCL Limited is a leading technology company that has been operating since the year 1987 in the design, development, and manufacturing of digital networks for telecommunication, enterprises, and governments. The greatest strength of this company lies in its strong R&D capabilities along with a commitment to delivering sustainable high-tech solutions. Its manufacturing plants are located in some of the most modern manufacturing plants, located in Hyderabad, Goa, and Chennai, where it produces a wide product portfolio ranging from optical fibre cables, and 5G telecom equipment, to defence electronics. Operating across India, Europe, Asia Pacific, the Middle East, Africa, and the USA, HFCL is positioning itself as an organisation that can be counted upon for quality and environmental sustainability.