Patel Engineering Adverse Business Impact
Patel Engineering has concluded rescue operations at the Samardung Tunnel project, following the recovery of all 25 personnel. The company will provide ₹5 lakh ex-gratia per deceased.
- Value
- ₹1.25 Cr
ALFA Filings
Every announcement, straight from the exchange
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
Time
3 announcements with these filters
Patel Engineering has concluded rescue operations at the Samardung Tunnel project, following the recovery of all 25 personnel. The company will provide ₹5 lakh ex-gratia per deceased.
Patel Engineering reported a gas leak incident at the Samardung Tunnel project in Sikkim. The accident resulted in casualties among 25 trapped personnel.
Patel Engineering's joint venture was blacklisted by Nepal's regulatory authority until May 2029. Management reports no material financial impact as the lead partner manages execution.