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Vineet Saxena

27th Nov · SEBI-Registered Analyst

🚧Patel Engineering Bags ₹798 Cr Coal Mining Contract from SECL

Patel Engineering has received two Letters of Intent (LoIs) from Saidax Engineers & Infrastructures for major excavation and coal-handling works at the Jhiria West OCP, Hasdeo Area, Bilaspur (Chhattisgarh) for South Eastern Coalfields (SECL). 📌 Total project value: ₹798.19 crore (excl. taxes) Scope of Work Includes: Composite overburden removal & rehandling Coal cutting via surface miners Loading & transportation of coal Hiring, maintenance & operation of plant & machinery Supply of diesel Deployment of staff & labour for smooth execution This win positions Patel Engineering deeper into the mining services space, complementing its strong presence in hydropower, tunneling, dams, bridges, highways and large-scale civil infrastructure across India and abroad. A sizable order, diversified execution scope, and strong infra demand — all supportive triggers for the stock.🚀

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