Key Transaction Details
Contract Award: Patel Engineering Limited has received a Letter of Award from Maharashtra Krishna Valley Development Corporation for the Tasgaon Lift Irrigation Scheme in Maharashtra.
Contract Value: Total project value is ₹126.37 crore (excluding taxes).
Company Share: Patel Engineering's share in the joint venture contract amounts to ₹64.45 crore, representing 51% of the total contract value.
Previous Communication: The company had previously intimated being declared Lowest Bidder (L1) for this project on February 23, 2026.
Project Specifications
Project Type: Irrigation and water distribution system
Command Area: 2,277 hectares across six villages in Satara Taluka
Villages Covered: Tasgaon, Varne, Karandwadi, Devkarwadi, Degaon, and Nigadi in Satara district, Maharashtra
Scope of Work: Includes construction of headworks, pump houses, switchyards, rising mains, delivery chambers, pumping machinery, and associated civil, mechanical, and electrical works. Also includes closed pipe distribution network involving excavation, laying, and joining of MS, PCCP, and HDPE pipelines.
Timeline: Project scheduled to be completed within 48 months
Company Background Context
Patel Engineering Limited is a 77-year-old company established in 1949 with strong presence in hydropower, tunnelling and irrigation segments. The company has completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling, primarily for central PSUs and state government organizations.