NHPC has declared Patel Engineering (PEL) as L1 for a Rs 240.02 crore contract for the works involving modification of diversion tunnel in tunnel spillway arrangement– civil & hydro mechanical works for Package 6- Teesta-V Power Station,

Patel Engineering has secured a Rs 240 crore contract from NHPC for a hydropower project in Sikkim. The project involves modifying a diversion tunnel and is expected to be completed within 18 months.

The project, which is expected to be completed within 18 months, adds to PEL's robust portfolio in the North Eastern region

The rise in Patel Engineering share price came after the company said that it has bagged an order worth Rs 240.02 crore from NHPC.