Mumbai, August 28th, 2025: Patel Engineering Limited (NSE: PATELENG & BSE: 531120), a leading infrastructure and construction services company in India, is pleased to announce that the Allotment Committee of the Board of Directors, at its meeting held on August 26, 2025, has approved the allotment of 9,000 Senior, Secured, Rated, Listed and Transferable Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹90 crore, through private placement.
The proceeds from this issuance will be utilized to support the Company’s working capital requirements for ongoing EPC projects and repayment / prepayment of existing debt and meet the mobilization requirement of new projects, thereby enhancing financial efficiency and operational momentum. This move aligns with Patel Engineering’s proactive financial strategy to maintain a resilient balance sheet while gearing up for a new pipeline of infrastructure projects.
Commenting on the development, Kavita Shirvaikar, Managing Director of Patel Engineering, stated: “This fundraise marks a significant step in our journey to scale operations and take on new infrastructure mandates. With a healthy order book and a growing pipeline of opportunities, we are focused on delivering excellence while maintaining financial prudence.”
Rahul Agarwal, Chief Financial Officer of Patel Engineering, said: “This NCD issuance is a strategic move to strengthen our capital structure and support our ongoing infrastructure projects. This allotment reinforces our ability to access capital markets efficiently and aligns with our broader financial strategy.”
Rishi Vyas, Head of Finance at Patel Engineering added: “Issuing NCDs allows us to diversify our funding base while locking in stable, long-term capital. It’s a prudent move that aligns with our commitment to financial resilience and operational agility.”
With this successful NCD allotment, Patel Engineering reaffirms its commitment to financial resilience and strategic growth. The Company remains confident in its ability to capitalize on emerging opportunities, deliver value to stakeholders, and contribute meaningfully to India’s infrastructure development. As it enters the next phase of expansion, Patel Engineering continues to build on its legacy of engineering excellence and trusted partnerships.
