Construction Company Patel Engineering Allots ₹90 Crore NCDs Via Private Placement on August 26

New Delhi: Patel Engineering Limited has announced the successful allotment of Rs 90 crore worth of Non-Convertible Debentures (NCDs) on August 26, 2025. The allotment was done through a private placement as part of its funding strategy.

As per the company’s official announcement, Patel Engineering Limited has already allotted Rs 90 crore worth of Non-Convertible Debentures (NCDs) on August 26, 2025, through private placement.

The proceeds from this issuance will be utilised to support working capital requirements for ongoing EPC projects and repayment/ prepayment of existing debt and meet the mobilisation requirement of new projects.

"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," Kavita Shirvaikar, Managing Director of Patel Engineering, said.

The proposal has already been approved by the Allotment Committee of the Board of Directors, at its meeting held on August 26, 2025, Rahul Agarwal, Chief Financial Officer of Patel Engineering, said. Agarwal said the funds raised will enhance the company's financial efficiency and operational momentum.

Disclaimer: This story is from the syndicated feed. Nothing has changed except the headline.