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Patel Engineering Ltd received two letters of intent worth a combined ₹798.19 crore from Saidax Engineers and Infrastructure Pvt Ltd for coal excavation and transportation at the Jhiria West Open Cast Project in Bilaspur, Chhattisgarh, for South Eastern Coalfields Ltd. The nine-year contract includes overburden removal, coal cutting, and transportation.
India Grid Trust (IndiGrid) signed share purchase agreements to acquire 100% stake in Raichur Sholapur Transmission Company Private Limited from Patel Engineering, Simplex Infrastructures and BS Limited for Rs 250 crore. The acquisition is subject to approvals.