Power Mech Projects moves up on receiving LoA for five projects worth Rs 521.95 crore
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Power Mech Projects is currently trading at Rs. 974.50, up by 6.35 points or 0.66% from its previous closing of Rs. 968.15 on the BSE.
The scrip opened at Rs. 978.00 and has touched a high and low of Rs. 985.95 and Rs. 967.35 respectively. So far 495 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1094.70 on 18-Oct-2021 and a 52 week low of Rs. 660.00 on 08-Jun-2021.
Last one week high and low of the scrip stood at Rs. 1000.60 and Rs. 953.70 respectively. The current market cap of the company is Rs. 1424.22 crore.
The promoters holding in the company stood at 63.69%, while Institutions and Non-Institutions held 12.24% and 24.07% respectively.
Power Mech Projects has received Letter of Award (LoA) for the five projects worth Rs 521.95 crore. The first project is Civil, Structural & Architectural Works for Flue Gas Desulphurisation (FGD) System in existing 1x800 MW North Chennai Thermal Power Plant, Stage-III, Chennai, Tamil Nadu for BHEL worth Rs 119.00 crore. The second project is for execution of Complete site services & Erection Works for Coal, Limestone & Gypsum Handling Plant package for THDC Khurja Super Thermal Power Project (2x660MW) located at Village of Dushahara Tehsil Khurja, Dist. Bulandshehar, Uttar Pradesh, received from Thyssenkrupp Industries India. The order is for Rs 57.72 crore.
The third project is for Supply of Structural Steel Fabricated items & Sheeting for Coal, Limestone & Gypsum Handling Plant package for THDC Khurja Super Thermal Power Project (2x660MW) located at Village of Dushahara Tehsil Khurja, Dist. Bulandshehar, Uttar Pradesh, India received from Thyssenkrupp Industries India for Rs 126.91 crore. The fourth project is for Construction of PEB Sheds, structures, buildings, supply, erection & commissioning of machinery & plant in connection with setting up of POH workshop for electric locomotives at Dabhoi, Vadodara, Gujarat, awarded by RVNL for a consortium of PMPL for Rs 113.32 crore. The fifth project is for ETC of balance erection works of Boiler, TG auxiliaries, Critical piping, LP-MP Piping works at unit 2 of 2x800 MW Godda, TPS, Jharkhand for Rs 105.00 crore..
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.
