Patel Engineering Limited has informed the Exchange regarding a press release dated February 21, 2024, titled "Press Release Irrigation & CAD Department, Government of Telangana has declared, Patel Engineering Limited ( Company or PEL ) along with its JV Partner as L1 for a Rs. 525.36 crore contract for the works involving Construction of RCC Protection Wall along River Munneru on right side and left side flanks between Polepally and Prakashnagar in Khammam City, Khammam District.".