Patel Engineering Ltd in consortium with BS TransComm and Simplex Infrastructure has won a transmission project worth Rs300 crore from REC Transmission Project Company.
The transmission project associated with the Krishnapattanam Ultra Mega Power Plant includes establishing a 210 km, 765 kV transmission system from Raichur to Solapur and operating it for 35-years after completion. The project is expected to be complete by March 2014.
On Wednesday, Patel Engineering increased 3.74% to Rs318.65 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.22% down at 20,015.80 points.
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