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InfrastructureEnergyHigh impactAfter close

Patel Engineering wins ₹1,593 crore hydropower project in Nepal

after close1 source ↓written by the desknot a recommendation

hydropower project
₹1,593.08 crore
for completion
54 months

Patel Engineering has emerged as the lowest bidder for a ₹1,593.08 crore hydropower project in Nepal, awarded by SJVN’s subsidiary. This involves Package 2 of the 669 MW Lower Arun Hydroelectric Project, set for completion in 54 months. The company’s ongoing work on the nearby Arun-3 project highlights its commitment to timely execution and expanding its footprint in South Asia’s hydropower sector.

This contract reinforces Patel Engineering's position in the infrastructure market, potentially boosting investor sentiment.

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 29 Apr 2026, 16:15 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

PATELENG closed −1.1% on the day of the news, from ₹28.70 to ₹28.38; Nifty −0.7% over the same session.

Bulletin at 16:15 IST on 29 Apr 2026. Every change is measured from ₹28.70, the last close before it, on 29 Apr. 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 it24.3328.7033.07axis spans 36%before the news · 29 Apr28.70Nifty 50PATELENGbulletinD0+1+3+523 Apr6 May15 MayReference close ₹28.70. 16 sessions from 23 Apr to 15 May; 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 %
Before29 Apr₹28.70basebase
On the day30 Apr₹28.38▼ −1.1%▼ −0.7%−0.4 pp difference
+1 session4 May₹28.73▲ +0.1%▼ −0.2%+0.3 pp difference
+3 sessions6 May₹28.99▲ +1.0%▲ +0.6%+0.4 pp difference
+5 sessions8 May₹28.82▲ +0.4%0.0%+0.4 pp difference
Gap at the open, % · ₹
0.0%0.00 on 30 Apr
Day's range, % · ₹
3.4%≈ 0.98 high to low
Volume on the day
0.57×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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