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InfrastructureEnergyHigh impactAfter close

Patel Engineering awarded ₹230.70 cr contract for Bhutan project

after close1 source ↓written by the desknot a recommendation

in Bhutan
1,125 MW Dorjilung Hydroelectric Project
valued
₹230.70 cr
construction period
300-day

Patel Engineering Ltd. has received a Letter of Award for pre-construction works on the 1,125 MW Dorjilung Hydroelectric Project in Bhutan, valued at ₹230.70 cr. The project, awarded by Dorjilung Hydro Power Limited, involves critical civil and hydromechanical works over a 300-day construction period. This reinforces PEL's commitment to renewable energy infrastructure.

The contract enhances PEL's portfolio in the renewable sector, potentially impacting investor sentiment positively.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Mar 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PATELENG closed −5.3% on the day of the news, from ₹24.92 to ₹23.61; Nifty −2.6% over the same session.

Bulletin at 16:06 IST on 20 Mar 2026. Every change is measured from ₹24.92, the last close before it, on 20 Mar. Nifty 50 is measured over the same sessions.

  • PATELENG close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
PATELENG closes around the bulletin against the close before the news, with Nifty 50 rebased to it21.1224.9228.72axis spans 36%before the news · 20 Mar24.92Nifty 50PATELENGbulletinD0+1+3+516 Mar27 Mar9 AprReference close ₹24.92. 16 sessions from 16 Mar to 9 Apr; the price axis spans 36 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Mar₹24.92basebase
On the day23 Mar₹23.61▼ −5.3%▼ −2.6%−2.7 pp difference
+1 session24 Mar₹24.08▼ −3.4%▼ −0.9%−2.5 pp difference
+3 sessions27 Mar₹23.50▼ −5.7%▼ −1.3%−4.4 pp difference
+5 sessions1 Apr₹24.03▼ −3.6%▼ −1.9%−1.7 pp difference
Gap at the open, % · ₹
▼ −1.2%−0.30 on 23 Mar
Day's range, % · ₹
5.5%≈ 1.4 high to low
Volume on the day
1.33×the 20-session average
Futures OI on the day
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Futures OI open, lots
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Futures premium, ₹
—
Puts per call, by OI
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Max pain
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