Mumbai-based infrastructure major Patel Engineering Limited (PEL) has added another major project to its growing portfolio. The City and Industrial Development Corporation of Maharashtra Limited (CIDCO) has declared the company as the lowest bidder (L1) for a substantial Rs 1,318.89 crore urban infrastructure project.

Project Overview: Kondhane Dam Construction

The project, officially titled “Construction of Kondhane Dam and its allied works”, is located in Kondhane village, Karjat Taluka, in the Raigad District of Maharashtra. CIDCO has entrusted Patel Engineering with the responsibility to develop the project using Roller Compacted Concrete (RCC) Technology—a highly efficient method for building large-scale dam structures.

The completion period is 42 months, making it a significant medium-term engagement for the company.

Scope of Work

The detailed scope of the Kondhane Dam project reflects the technical complexity and scale of the infrastructure initiative:

• Construction of the main dam structure, stretching 1209 meters in length and rising to a height of 83 meters.

• Civil engineering work covering all aspects of dam structure development.

• Hydro-mechanical components, including installation of 3 radial gates.

• Electrical and mechanical systems for automated and manual gate control.

• Electrification work, ensuring that the infrastructure is both functional and operational under various conditions.

Strategic Importance of the Project

This project represents a key step forward in Maharashtra’s water infrastructure development. Kondhane Dam is expected to significantly boost water availability for irrigation, domestic, and industrial purposes across the Raigad region and adjoining areas.

The use of Roller Compacted Concrete (RCC) Technology ensures cost-efficiency and faster completion timelines, compared to conventional concrete dam methods. This also reduces environmental impact while enhancing structural durability.

Patel Engineering’s Strength in Dam Construction

Patel Engineering is already known for its expertise in dam, tunneling, hydroelectric, and urban infrastructure projects. With this latest contract win, the company reaffirms its position as a go-to player in high-value government and semi-government infrastructure projects.

Notably, PEL has previously executed critical water resource and hydroelectric infrastructure in multiple Indian states, adding weight to CIDCO’s decision.

About CIDCO

CIDCO, a government organization under Maharashtra, is responsible for developing planned urban townships and infrastructure projects, especially in the Mumbai Metropolitan Region (MMR). CIDCO’s involvement in large-scale water resource development projects showcases its focus on sustainable urban growth.

Future Outlook for Patel Engineering

This win marks another feather in the cap for Patel Engineering amid its steady participation in government-led infrastructure growth initiatives. As India’s demand for urban infrastructure and water security rises, such large-scale contracts not only bring financial value but also enhance reputation and increase future project eligibility.

Moreover, given its track record and technical expertise, Patel Engineering is well-placed to complete the Kondhane project within the stipulated 42 months, and possibly even ahead of schedule.

Final Thoughts

The Rs 1,318.89 crore Kondhane Dam project win by Patel Engineering is a substantial development for both the company and Maharashtra’s infrastructure ecosystem. With a focus on technological precision, timely delivery, and sustainable construction, this project is poised to be a model for future water infrastructure development in India.

The Upcoming IPOs in this week and coming weeks are Ather Energy, Iware Supplychain Services, Arunaya Organics.

The Current active IPO are Tankup Engineers.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.