The purchase comes after the stock declined over 40% in the past one year. Patel Engineering operates in the infrastructure and construction space, with expertise in large-scale civil projects such as dams, tunnels, hydroelectric plants, highways, bridges and railways, along with real estate development.
Last month, the company announced the signing of a memorandum of understanding with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project in West Kameng district. The move marks a key step in strengthening clean energy infrastructure in India’s Northeast. The total project cost is estimated at Rs 1,700 crore, with construction expected to be completed in about four years.
The company also bagged two significant Letters of Intent for coal excavation and transportation projects, with a total contract value of Rs 798.19 crore last month. Patel Engineering disclosed that it has secured Letters of Intent from Saidax Engineers and Infrastructure Private Limited for the execution of excavation and associated works at the Jhiria West Open Cast Project in the Hasdeo Area of Bilaspur, Chhattisgarh. The project has been awarded by South Eastern Coalfields Limited.
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How did Vijay Kedia stocks perform in 2025?
Amid heightened market volatility in 2025, the combined value of Vijay Kedia’s 16-stock portfolio fell to about Rs 1,170 crore, marking a nearly 38% decline from Rs 1,896 crore in December 2024.
In terms of CY25 price performance, only three stocks in the portfolio delivered positive double-digit returns, while the rest ended the year in the red. Data from ACE Equity and Trendlyne shows that six stocks recorded steep declines ranging between 25% and 68%. However, one stock turned a multibagger as his holding in TechD Cybersecurity doubled during the year.(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)