PATELENG

Feb 18 (Reuters) - Patel Engineering Ltd PENG.NS:

• IN JV DECLARED LOWEST BIDDER FOR 10.90 BILLION RUPEES PROJECT

• CO SHARE IN CONTRACT IS 2.18 BILLION RUPEES

Source text: ID:nBSE3RxXlp

Further company coverage: PENG.NS

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Feb 12 (Reuters) - Patel Engineering Ltd PENG.NS:

• DEC-QUARTER CONSOL PROFIT 802.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 12.06 BILLION RUPEES

Source text: [ID:]

Further company coverage: PENG.NS

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Nov 29 (Reuters) - Patel Engineering Ltd PENG.NS:

• SUBSIDIARY PEL NIRMANA HAS BEEN INCORPORATED IN NEPAL

Source text: ID:nNSE8hSrKN

Further company coverage: PENG.NS

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** Shares of Patel Engineering PENG.NS rise as much as 5.9% to 51.90 rupees

** Civil engineering firm reports ~93% Y/Y jump in Q2 consol profit and 15% rise in rev from ops

** Adds, co's order book as on Sept. 30 stands at 172.61 bln rupees ($2.1 bln)

** Stock on track to snap four straight sessions of loss, if trend holds

** More than 9.4 mln shares change hands, 2.3x the 30-day avg

** Stock last up 2.5%, cutting YTD loss to 16.5%

($1 = 84.3730 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of Patel Engineering PENG.NS climb 4% to 51.07 rupees

** Civil engineering firm approved sale of 9.99% stake worth 1 bln rupees ($11.9 mln) in Welspun Michigan Engineers to Welspun Enterprises WELS.NS

** Stock down 10% so far this month, on track for biggest monthly fall since March, if losses hold

($1 = 84.0550 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Ircon International IRCN.NS and Patel Engeineering PENG.NS rise 0.9% and 4.4% respectively

** Ircon on Wednesday said it signed an MoU with Patel Engineering to explore infrastructure projects in India and overseas

** The companies did not disclose specifics of the MoU, including financial details

** More than 6.8 mln IRCN shares change hands, while around 6.7 mln PENG shares traded

** IRCN is up 31.2% YTD, while PENG is down 5.6%

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Oct 16 (Reuters) - Ircon International Ltd IRCN.NS:

• IRCON INTERNATIONAL LTD - SIGNED MEMORANDUM OF UNDERSTANDING WITH PATEL ENGINEERING

• IRCON INTERNATIONAL LTD - MOU TO EXPLORE VARIOUS INFRASTRUCTURE PROJECTS IN INDIA,OVERSEAS

Source text for Eikon: ID:nBSEGPQFg

Further company coverage: IRCN.NS

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Sept 20 (Reuters) - Patel Engineering Ltd PENG.NS:

• DECLARED LOWEST BIDDER (L1) FOR A HYDROPOWER PROJECT

• DECLARED L1 FOR A HYDROPOWER PROJECT OF 2.4 BILLION RUPEES FROM NHPC

Source text for Eikon: ID:nBSE4Nl8x2

Further company coverage: PENG.NS

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** Shares of dam-maker Patel Engineering PENG.NS rise 5.4% to 56.53 rupees, heads for best day in two weeks

** PENG signs deal with government-owned Rail Vikas Nigam RAIV.NS for hydro and infrastructure projects

** Shares of rail infrastructure developer RAIV up 0.9%

** RAIV set to end August with a decline, down ~3% after five months of gains

** PENG down about 5% for the month so far

** RAIV up 3.2X YTD, PENG down 6%

(Reporting by Varun Vyas in Bengaluru)

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Aug 6 (Reuters) - Patel Engineering Ltd PENG.NS:

• PATEL ENGINEERING - CO, JV BAGS IRRIGATION PROJECT OF 3.18 BILLION RUPEES

• PATEL ENGINEERING - CO'S SHARE IN CONTRACT 1.11 BILLION RUPEES

Further company coverage: PENG.NS

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** Shares of Patel Engineering PENG.NS rise 10.3% to 63.2 rupees, their biggest intraday jump since Dec. 11, 2023

** Co on Saturday reported ~52% jump in Q4 profit, helped by strong order book

** Optimistic about sustaining profit growth in coming quarters - PENG

** Including day's gain, stock up 5% YTD, after surging nearly four-fold last year

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Patel Engineering PENG.NS up 3.6% at 57.55 rupees

** PENG's JV emerges lowest bidder for 3.43 bln rupees ($41 mln) irrigation project from Maharashtra government

** Co's share in contract is 1.20 bln rupees

** Stock set to snap two-session losing streak

** PENG, however, down ~4% YTD after more than tripling in value in 2023

($1 = 83.5017 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

May 7 (Reuters) - Patel Engineering Ltd PENG.NS:

• PATEL ENGINEERING - PATEL ENGINEERING IN JV DECLARED LOWEST (L1) FOR IRRIGATION PROJECT OF 3.43 BILLION RUPEES

Source text for Eikon: ID:nBSE4FKsSl

Further company coverage: PENG.NS

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** Shares of Patel Engineering Ltd PENG.NS rise as much as 5.4% to 71.60 rupees

** Construction co receives letter of acceptance for contract worth 5.25 bln rupees ($63.4 mln), in collaboration with its JV partner

** Co's share in contract is 2.68 bln rupees

** Contract from Telangana govt for construction of protection wall, embankments along Munneru river

** Stock trading above its 200-day simple moving avg since April 25, 2023, when shares rose on block deal

** More than 3.3 mln shares traded as of 9:39 a.m. IST

** PENG last up 2.7%, adding to YTD gains of ~16%

($1 = 82.8675 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Jan 29 (Reuters) - Patel Engineering Ltd PENG.NS:

• CO IN JV BAGS IRRIGATION PROJECTS

• CO'S SHARE IN CONTRACT IS 1.75 BILLION RUPEES

Source text for Eikon: ID:nBSE3p7Svy

Further company coverage: PENG.NS

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** Shares of Patel Engineering PENG.NS rise as much as 7.65% to 64.75 rupees apiece

** The construction company receives favourable international arbitral tribunal order for wrongful termination and expropriation of lease of land to its subsidiary in Mauritius

** Tribunal awards company an amount worth $40.23 million (3.35 billion rupees) in the lease termination case

** Trading volume is 6.1 mln shares as of 10:41 a.m. IST, 0.7x the 30-day avg - LSEG data

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Patel Engineering PENG.NS up as much as 4.92% to 55.4 rupees

** Stock on track for second consecutive session of gains

** Infrastructure firm in joint venture declared lowest bidder for irrigation project worth 2.50 bln rupees ($30 mln)

** About 11 mln shares change hands as of 11:27 a.m. IST, 1.4x 30-day average

** Stock up more than 200% YTD as of last close

($1 = 83.0630 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Sept 5 (Reuters) - Dilip Buildcon Ltd DIBL.NS:

• RECEIVED LETTER OF ACCEPTANCE FOR NEW PROJECT

• RECEIVED LETTER OF ACCEPTANCE WORTH 12.75 BILLION RUPEES FOR NEW PROJECT

• CO IN JV WITH PATEL ENGINEERING RECEIVED LETTER OF ACCEPTANCE FOR NEW PROJECT

Source text for Eikon: ID:nBSE9wLsT

Further company coverage: DIBL.NS

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** Shares of infrastructure firm Patel Engineering PENG.NS rise as much as 4.97% to hit upper circuit at 57 rupees

** Co said it has received letter of award from NHPC NHPC.NS, along with its joint venture (JV) partner, for Dibang multipurpose project

** Adds, being a 50% partner in the JV, its share in the project is 18.19 bln rupees ($220.24 million)

** Share price above 50-day, 100-day and 200-day exponential moving averages since Apr. 25, suggesting bullish trend

** More than 6.2 mln shares change hands by 9:53 a.m. IST, 1.1x 30-day avg

** Stock up 230.5% so far this year

($1 = 82.5900 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Aug 22 (Reuters) - Patel Engineering Ltd PENG.NS:

• CO IN A JOINT VENTURE HAS BEEN DECLARED LOWEST BIDDER FOR AN URBAN INFRASTRUCTURE DEVELOPMENT PROJECT

• CO IN JV DECLARED AS L1 FOR PROJECT OF 12.75 BILLION RUPEES FROM MADHYA PRADESH JAL NIGAM

• CO'S SHARE IN CONTRACT IS 4.46 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PENG.NS

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Patel Engineering Ltd PENG.NS:

• PATEL ENGINEERING LTD- RE- APPOINTMENT OF RUPEN PATEL AS CHAIRMAN , MD

Source text for Eikon: ID:nBSE4NBMQT

Further company coverage: PENG.NS

** Shares of Patel Engineering PENG.NS rise as much as 5% to a two-month high of 47.25 rupees

** Nearly 2 mln shares of the infrastructure firm change hands in two blocks, as of 12:20 p.m. IST, at a price between 43 rupees and 44.70 rupees

** Trading volume is 9.5 mln shares as of 12:20 p.m. IST, 2.5x the 30-day avg - Refinitiv data

** The relative strength index rises above 70, suggesting the stock may be overbought

** Including session's gains, stock has surged 171% in 2023 so far compared to a 9.2% gain for Nifty 50 .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

June 5 (Reuters) - Patel Engineering Ltd PENG.NS:

• RECEIVES LETTER OF ACCEPTANCE FROM CIDCO WORTH 5.2 BILLION RUPEES

• LOA FOR CONSTRUCTION OF 6.7 KM LONG TREATED WATER TUNNEL AND ASSOCIATED WORKS

Further company coverage: PENG.NS

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May 25 (Reuters) - Patel Engineering Ltd PENG.NS:

• EXECUTED SHARE PURCHASE AGREEMENT WITH INTER ALIA AUTHUM INVESTMENT AND INFRASTRUCTURE

• DEAL TO SELL 41.01% OF ITS EQUITY STAKE FROM OUT OF 51% UNIT MICHIGAN ENGINEERS

Source text for Eikon: ID:nNSEbK09vn

Further company coverage: PENG.NS

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May 15 (Reuters) - Patel Engineering Ltd PENG.NS:

• INDIA'S PATEL ENGINEERING LTD MARCH-QUARTER CONSOL NET PAT 848.1 MILLION RUPEES VERSUS 379.8 MILLION RUPEES

• PATEL ENGINEERING LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 12.98 BILLION RUPEES VERSUS 11.12 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: PENG.NS

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May 4 (Reuters) - Patel Engineering Ltd PENG.NS:

• PATEL ENGINEERING IN JV BAGS 3.11 BILLION RUPEES PROJECT

• CO IN ALSO JV GETS 9.99 BILLION RUPEES MICRO IRRIGATION PROJECT

• CO'S SHARE IN THE TWO ORDERS AGGREGATES 5.08 BILLION RUPEES

Source text for Eikon: ID:nBSE4X8ZSx

Further company coverage: PENG.NS

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April 26 (Reuters) - Patel Engineering Ltd PENG.NS:

• CO, JV PARTNERS BAGS KRISHNA MARATHWADA IRRIGATION PROJECTS

• CO'S SHARE 4.51 BILLION RUPEES

• TOTAL VALUE OF CONTRACTS 8.41 BILLION RUPEES

Source text for Eikon: ID:nBSE4k2dGv

Further company coverage: PENG.NS

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** Shares of Patel Engineering PENG.NS rise as much as 8.49% to 19.80 rupees, highest since Dec. 16, 2022

** About 545,114 shares change hands in a block as of 11:35 a.m. IST, at a price of 19.35 rupees per share

** Trade volume at 15.7 mln shares as of 11:35 a.m. IST, more than twice the 30-day avg

** The relative strength index of the stock is 77, indicating it is overbought - Refinitiv data

** Stock's MACD line has been above the signal line since April 3, indicating a bullish bias

** Stock has risen over 14% in the last three sessions, and had jumped nearly 18% on April 19 after large investor Vijay Kedia bought 1.3% stake

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))