Power Mech Projects surges on bagging orders worth Rs 448.60 crore
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Power Mech Projects is currently trading at Rs. 1063.95, up by 57.80 points or 5.74% from its previous closing of Rs. 1006.15 on the BSE.
The scrip opened at Rs. 1037.00 and has touched a high and low of Rs. 1077.15 and Rs. 1019.90 respectively. So far 7282 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,077.15 on 11-Oct-2021 and a 52 week low of Rs. 361.20 on 14-Nov-2020.
Last one week high and low of the scrip stood at Rs. 1,077.15 and Rs. 975.15 respectively. The current market cap of the company is Rs. 1553.97 crore.
The promoters holding in the company stood at 63.70%, while Institutions and Non-Institutions held 13.09% and 23.20% respectively.
Power Mech Projects has received Letter of Intent/LOAC for two projects worth Rs 448.60 crore. The company has received order for Operation & Maintenance of 2X660 MW Mutiara Thermal Power Plant, Melamaruthur Village, Tuticorin, for Coastal Energen for Rs 391 crore. The company has also received order for Miscellaneous Civil Works for Screening Plant-III, Kirandul, Chattisgarh for NMDC of Rs 57.60 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.
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