Patel Engg Receives Rs 696 Cr Order For Krishna Delta System
Patel Engineering Ltd, a leading civil-infrastructure construction conglomerate, has informed that it has secured order worth Rs 695.57 crore from the Andhra Pradesh State Government for the modernization of the Krishna Delta System.
According to the sources, the project will execute massive modernization programme of the major river delta systems to enhance irrigation potential along the development of Bantumilli Canal, Polarj Canal, Campbell Canal, Dosapadu Channel, Kunderu Channel, East Bank Canal, Gudivada Channel and their distributaries.
The source also revealed that the project is a part of the enormous innovation programme undertaken by the state government.
The project is expected to be finalized in the coming 36 months.
Stock of Patel Engineering Company settled well at Rs 365, up 3.59 per cent on National Stock Exchange ( Friday). The total volume of share traded was 130, 465 at NSE.