Aggressive bidding by competitors
New players are bidding aggressively on large hydro projects, as seen in the Dibang project where L1 was ~₹1,000 Cr lower than Patel's bid.
PATELENGINEERING / Q3-FY26 / risks
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Patel Engineering · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Execution ramp-up for new orders
New hydro projects have long mobilization periods, limiting near-term revenue contribution and potentially delaying growth.
High rights issue expenses
Rights issue expenses of ~₹50 Cr (10% of proceeds) were questioned by investors as unusually high.
Promoter pledge overhang
Promoters have pledged ~90% of their shares, though management expects reduction post March results.