At 09:23am, Patel Engineering Company was quoting at Rs 44.38, down Rs 0.14, or 0.31 percent, on the BSE. Maharashtra Krishna Valley Development Corporation, Pune has declared the company along with its JV partner, as L1 for a Rs 1,090.45 crore contract. The project is to be completed in a period of 36 months. The share price declined more than 30 percent in the last 1-year. Currently, the stock is trading 40.82 percent below its 52-week high and 4.4 percent above its52-week low. The said project is located in the state of Maharashtra, Village – Kalaj, Taluka – Phaltan, District – Satara. 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.
