Patel Engineering has secured a major hydroelectric contract in Nepal for the Lower Arun Hydroelectric Project, valued at Rs 1,593.08 crore. The company expects to complete the project within 54 months, positioning it as a significant overseas win. Patel Engineering says it remains focused on delivering world-class engineering as the work ramps up.
Nepal’s Supreme Court has stayed the Kathmandu-Madhesh Fast Track highway project awarded to a Chinese firm, after a challenge to the tender process. The project was put out for an international tender in June, with 13 companies responding. Afcons Infrastructure alleged the project office later restricted the final tender stage to just five firms, prompting the writ.
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Nepal’s Home Minister Sudan Gurung has resigned, saying ethics and “moral responsibility” forced his exit. The move comes as an investigation targets alleged links between Gurung and businessman Deepak Bhatta, who is being scrutinized for money laundering offences, raising fresh questions over governance and political accountability.
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