Patel Engineering on Monday said it has bagged a civil work order worth Rs 1,251 crore for 500 MW Teesta-VI hydro power project in Sikkim from Lanco Teesta Hydro Power Ltd, an arm of state-run NHPC.
The market-cap of the company stands at Rs 24,560.11 crore. It hit a 52-week high of Rs 26.65 on March 4, 2021, and a low of Rs 19.25 on April 3, 2020. The stock closed 2.78 percent lower at Rs 24.45 on March 31. This news came in after market hours on March 31. JPCL is now a wholly owned subsidiary company of NHPC. NHPC | The power company in its BSE filing said it had completed the formalities for takeover of Rangit Stage-IV HE Project (120 MW) by remitting Rs 165 crore to Jalpower Corporation (JPCL) for distribution to the creditors.
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