Rs 15,000+ crore order book: Penny stock under Rs 50 rockets 16.14% after receiving orders worth Rs 798.18 crore from Saidax Engineers and Infrastructure Pvt Ltd
DSIJ Intelligence-1 / 27 Nov 2025/ Categories: Penny Stocks, Trending
The company has a market cap of over Rs 3,200 crore and the stock is up by 22.2 per cent from its 52-week low of Rs 31.60 per share.
On Thursday, shares of Patel Engineering Ltd rocketed 16.41 per cent to Rs 38.60 per share from its previous closing of Rs 33.16 per share. The stock’s 52-week high is Rs 59.50 per share while its 52-week low is Rs 31.60 per share. The company has a market cap of over Rs 3,200 crore and the stock is up by 22.2 per cent from its 52-week low of Rs 31.60 per share.
Patel Engineering Ltd (PEL) has received two Letters of Intent (LOIs) from Saidax Engineers and Infrastructure Private Limited, acting for South Eastern Coalfields Limited (SECL). The LOIs pertain to a major excavation and associated works project at the Jhiria West Open Cast Project (OCP) of Hasdeo Area, Bilaspur, Chhattisgarh. The total project value for these domestic contracts aggregates to a substantial Rs 798.19 crore (excluding Taxes). The scope of work is comprehensive, covering Composite Work Overburden Removal, including rehandling, coal cutting via Surface Miner and the subsequent loading and transportation of the coal.
The extensive nature of the contract requires PEL to handle the hiring of all necessary plant and equipment, supply the required diesel quantity and provide complete maintenance for the machinery, along with the necessary staff and labour for execution. A significant term of the contract is the execution period, which is set for 9 years. This long-term commitment highlights PEL's strong positioning to execute large-scale infrastructure and mining-related works seamlessly, leveraging its proven track record in the sector.
About the Company
Patel Engineering Ltd (PEL), established in 1949, is a 76-year-old Construction company with a significant specialisation in the hydropower and irrigation segments. The company engages in various heavy civil engineering works, including the construction of dams, bridges, tunnels, roads, piling works and industrial structures. PEL boasts a consistent domestic and international execution track record, having completed over 85 dams, 40 hydroelectric projects and more than 300 km of tunnelling, primarily for central PSUs and state government organisations. Their expertise lies in technology-intensive areas such as hydropower, irrigation and water supply, urban infrastructure and transportation, with a specific focus on tunnels and underground works for hydroelectric and transportation projects.
Order Book: As of September 30, 2025, the company’s order book stands at Rs 15,146.40 crore (Including L1 Orders). Segment-wise order book includes hydroelectric (61.89 per cent), irrigation (19.96 per cent), tunnel (6.69 per cent, road (1.66 per cent) and other (9.80 per cent).
Disclaimer: The article is for informational purposes only and not investment advice.