Patel Engineering Ltd shares will remain in the focus today after the company informed via its BSE filing about bagging new order from Maharashtra. Current market price of Patel Engineering shares on BSE stood at Rs 43.70 per share with intraday fall 1.84%. The stock is currently trading near its 52-week low price of Rs 42.51 per share. Meanwhile, the market capitalisation of the company is Rs 3,689.92 crore and return on equity (ROE) is 7.99%. In last 2-years, Patel Engineering shares surged 213.07% and declined 37.47% in last 1-year. Check key details below:
Patel Engineering Bags New Order
According to the exchange filing of the company dated Feb 18, 2024, “Maharashtra Krishna Valley Development Corporation, Pune has declared, a Mumbai based infrastructure company, Patel Engineering Limited (“Company” or “PEL”) along with its JV partner, as L1 for a Rs. 1,090.45 crore contract for the works involving Construction of Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal Km 87 to Km 135 and its Distributaries, Minors offtaking between Km 65 to Km 135.”
The project is to be completed in a period of 36 months. The said project is located in the state of Maharashtra, Village – Kalaj, Taluka – Phaltan, District – Satara and the project is to be executed in a Joint Venture, of which PEL’s share is 20%. The scope of works includes construction of Pipe Distribution Network involving excavation & refilling for pipe trenches, structures providing, supplying, jointing, lowering, laying of pipes, various types of valves, chambers and outlets, testing Pipeline with all valves, outlets, etc. with an Operations, Repairs and Maintenance period for 5 years after completion of works, added the exchange filing of the firm.
Patel Engineering Shares Performance
The 52-week high price of PEL shares on BSE is Rs 74.99 per share (as on 27/02/2024) and 52-week low price is Rs 42.51 per share (as on 12/02/2025), respectively. Patel Engineering shares slipped over 15% in last 1-month, slumped 20.72% in last 6-months, and rose over 76% in last 3-years. .In last 5-years, the stock zoomed 191.40%. The scrip fell 28.02% in last 10-years.
Patel Engineering Shareholding
The stock is backed by Bank of Baroda as the PSB holds 1.18% stake in the company. FII/FPI have increased holdings from 3.09% to 4.74% for December 2024 quarter. Number of FII/FPI investors increased from 99 to 107 December 2024 quarter. Number of MF schemes increased from 4 to 5 December 2024 quarter. Institutional Investors have increased holdings from 7.54% to 9.25% December 2024 quarter, according to Trendlyne.
Patel Engineering Dividend History
The company recommended a total of 18 dividends since August 7, 2000.
Patel Engineering Bonus Shares History
It recommended bonus shares twice since November 13, 2001. Its last bonus share was announced in 2004.
About
Patel Engineering Ltd. (‘PEL’ or ‘Company’), is a 75-year company established in the year 1949 and have a strong presence in hydropower, tunnelling and irrigation segments. The Company has a consistent track record in execution of projects in both domestic and international arena. PEL have completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling for clients which are mostly central PSUs or state government organizations.
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