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Vijay Kedia has acquired a 1.01% stake in Patel Engineering, amounting to 1 crore shares, amid a 40% decline in the company's stock over the past year. Patel Engineering recently secured contracts worth over Rs 2,400 crore, including a significant MoU with the Government of Arunachal Pradesh for a Rs 1,700 crore hydropower project. Kedia's overall portfolio has decreased by 38% since December 2024.