Patel Engineering has received a letter of acceptance (LOA) from City and Industrial Development Corporation (CIDCO) to construct a 6.70 km long treated water tunnel and associated works in Raigad district, Maharashtra.
The water tunnel project, worth ₹519.50 crore, will be executed without any joint venture partnership, the infrastructure company said in a statement on Tuesday.
Rupen Patel, Chairman & Managing Director, Patel Engineering Limited, said it is a prestigious project for the company. "This project demonstrates our technical prowess and engineering skills, along with excellent execution capabilities."
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The project is expected to be completed within 60 months, as stipulated in the bid. With expertise in tunnelling, underground works for hydroelectric and infrastructure development, the company is well-positioned to successfully complete the project within the stipulated time frame.
The tunnel will be constructed from Sai village to Vindhane village.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.
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