Patel Engineering Limited and Rail Vikas Nigam Limited (RVNL) have signed a Memorandum of Understanding (MoU) to collaborate on hydropower and infrastructure projects in India and internationally. The agreement outlines a framework for leveraging their respective strengths and capabilities, allowing for joint and independent bids on various projects.
Under this MoU, Patel Engineering and RVNL will explore opportunities in hydropower and other infrastructure initiatives, combining RVNL’s rail and transport expertise with Patel Engineering’s broader infrastructure experience. The partnership will focus on developing a unified approach to project execution, with agreements on cooperation terms, bidding strategy, and project structure. The MoU aims to create synergies and uphold high standards in project delivery and quality.
This collaboration is expected to enhance both companies’ project portfolios and expand their reach in the global infrastructure market. By pooling their resources and expertise, Patel Engineering and RVNL plan to tackle large-scale projects more efficiently and innovate in the infrastructure sector, contributing to sustainable development and improved infrastructure across regions.
