Power Mech Projects surges on wining orders of Rs 2120 crore under JJM program
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Power Mech Projects is currently trading at Rs. 909.45, up by 30.15 points or 3.43% from its previous closing of Rs. 879.30 on the BSE.
The scrip opened at Rs. 881.60 and has touched a high and low of Rs. 919.75 and Rs. 872.75 respectively. So far 4929 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. 500.05 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 919.75 and Rs. 835.70 respectively. The current market cap of the company is Rs. 1330.81 crore.
The promoters holding in the company stood at 63.69%, while Institutions and Non-Institutions held 12.19% and 24.11% respectively.
Power Mech Projects has won orders worth Rs 2120 crore under Jal Jeevan Mission (JJM) program. The company has won the new orders under Phase-III projects in 2120 villages of Pratapgarh, Fatehpur and Meerut districts in Uttar Pradesh. Major components of the project are about 2100 tube wells, 2100 water tanks, and 13,000 km of pipeline network for supply of drinking water to about 50 lakh population.
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.
