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The order includes works involving construction of pipe line distribution network for Nira Deoghar Right Bank main canal.
The said project is located in Maharashtra, Waghoshi to Kapadgaon village at Khandala in Satara and is to be completed in a period of 30 months.
The project is to be executed in a joint venture, of which PEL's share is 40%.
Rupen Patel, chairman & managing director said, “To achieve more crop per drop replacement of existing canals with pipe lines or new schemes with pipe lines wherever feasible in order to improve irrigation efficiency or to further extend the area of irrigated agriculture is the need of the hour.
As there is significant use of water for irrigation, we need to increase water use efficiency in the agriculture sector. This has been made possible by adopting PDN as it overcomes the lacunas of the flow irrigation system viz land acquisition, lavish use of water from the farmers in the upper reaches of the canal and in high cost in hilly areas.”
Patel Engineering is a civil construction company that specializes in hydropower and irrigation projects.
The consolidated net profit jumped 17.8% to Rs 43.40 crore in Q1 FY24 as compared with Rs 36.83 crore in Q1 FY23. Net sales increased by 24.1% year on year to Rs 1,118.61 crore in Q1 FY24 over Q1 FY23.
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