Power Mech Projects gains on receiving order worth Rs 158.67 crore
Power Mech Projects is currently trading at Rs. 3983.95, up by 27.25 points or 0.69% from its previous closing of Rs. 3956.70 on the BSE.
The scrip opened at Rs. 3945.00 and has touched a high and low of Rs. 3990.00 and Rs. 3934.75 respectively. So far 817 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5062.25 on 31-Jul-2023 and a 52 week low of Rs. 1283.00 on 25-Aug-2022.
Last one week high and low of the scrip stood at Rs. 4090.00 and Rs. 3850.05 respectively. The current market cap of the company is Rs. 5914.84 crore.
The promoters holding in the company stood at 64.12%, while Institutions and Non-Institutions held 17.06% and 18.83% respectively.
Power Mech Projects has received order worth Rs 158.67 crore from Raichur Power Corporation for Operation and Maintenance of 2x800 MW Coal based Yeramarus Thermal Power Station (YTPS) for a period of 36 months at Chikkasugur, Raichur District, Karnataka.
Power Mech Projects is an integrated power infrastructure services company. The Company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.
