Power Mech Projects rises on bagging orders worth Rs 720 crore
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Power Mech Projects is currently trading at Rs. 2505.45, up by 37.65 points or 1.53% from its previous closing of Rs. 2467.80 on the BSE.
The scrip opened at Rs. 2475.05 and has touched a high and low of Rs. 2505.70 and Rs. 2425.00 respectively. So far 1298 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2548.70 on 10-Apr-2023 and a 52 week low of Rs. 810.95 on 18-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2518.95 and Rs. 2454.50 respectively. The current market cap of the company is Rs. 3734.71 crore.
The promoters holding in the company stood at 64.17%, while Institutions and Non-Institutions held 15.73% and 20.10% respectively.
Power Mech Projects has received four orders worth Rs 720 crore. The first order is for construction of Government Medical College and Hospital for UttaraKhand Pey Jal Nigam, Uttarakhand for Rs 362 crore. The second order is for distribution works under RDSS (Revamped Distribution Sector Scheme) for MPPKVVCL, Khargone Circle, Indore, Madhya Pradesh, Railway Electrification of 25 KV OHE Works, Mysuru Division, Karnataka. The order is for Rs 162 crore.
The third order is for balance erection works & refurbishment of 2x525 MW Monnet ISpat, JSPL, Angul, Odisha, for Rs 106 crore. The fourth order is for operation & maintenance of complete sea water Intake system at 702 MW CCPP,GSPC Pipavav Power Company, Pipavav, Gujarat. Mechanical Maintenance services of Turbine - Generator and auxiliaries and Balance of Plant, Adani, for 5X660 MW Tiroda Thermal Power Plant, Tiroda, Maharashtra. Mechanical maintenance of boiler and auxiliaries for 6x660 MW Sasan UMPP, Reliance Power, Sasan. Steel pipeline laying & associated works of city gas distribution networks for West Bengal Cluster, HPCL, West Bengal. The order is for Rs 90 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.
