Patel Engineering and RVNL Signs MoU to Collaborate on Hydro and Other Infrastructure Projects in India and Overseas

The agreement outlines a framework for collaboration between the Company and RVNL to leverage each other’s strengths and capabilities in pursuing hydro and other infrastructure projects. Under this MOU, both parties will explore opportunities to work together in various capacities.

• Joint Project Execution: The Company and RVNL will collaborate on certain identified hydro and other infrastructure projects as opportunities arise. This partnership will combine Company’s extensive infrastructure experience with RVNL’s expertise in rail and transport infrastructure.
• Flexible Collaboration Models: The parties have the flexibility to participate in tenders and project bids either jointly or separately. When bidding together, both entities will align on the bidding strategy, structure, and terms of the collaboration, ensuring a unified approach to project execution.
• Focused Efforts for Synergies: The MOU emphasizes creating an enabling framework to achieve synergies in hydro and other infrastructure domains, reflecting a shared commitment to high standards of project delivery and excellence.