Patel Engineering shares zoom over 16% on bagging two orders worth about ₹800 crore; check details

The stock was trading 14.32% higher at ₹37.92 per equity share at around 2:37 pm.

While the scrip touched a 52-week low of ₹31.55 apiece during Tuesday’s trading session, it reached a year’s high of ₹59.55 on December 16, 2024.

The share has advanced approximately 11% over the past five days and nearly 4% over the month. Nonetheless, it has declined about 8% in the last six months and more than 26% year-to-date.

In a regulatory filing on November 26, it stated that it had received two letters of intent for the execution of excavation and associated works, as well as the transportation of coal in Chhattisgarh for South Eastern Coalfields Limited (SECL).

The two orders awarded by Saidax Engineers and Infrastructure Pvt Ltd are expected to be executed in nine years, it added.

Commenting on the development, Kavita Shirvaikar, Managing Director of Patel Engineering, said: “These new projects represent a natural extension of the large-scale infrastructure works we undertake and also open up new avenues. Importantly, these works come in addition to a robust tender pipeline of more than ₹34,000 crores already bid and under evaluation, as well as further opportunities worth ₹18,000 crores expected to come up for bidding before the end of this financial year.”

She added that looking ahead, nearly ₹1 lakh crore of projects are anticipated to come up for bidding over the next one to two years in the core areas that we operate.

Q2 Results

The engineering construction company reported a 0.43% year-on-year (YoY) fall in its consolidated net profit to ₹73.03 crore for the September FY26 quarter, compared to ₹73.35 crore it logged in the year-ago period.

It witnessed a 2.91% annual jump to ₹1,208.47 crore during the quarter under review, as against ₹1,174.32 crore in the second quarter of FY25.

Patel Engineering has a total market capitalisation of ₹3,206.10 crore, as of November 27, 2025, according to data on the NSE.