Power Mech gains on winning order worth Rs 114.30 crore from Coastal Energen
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Power Mech Projects is currently trading at Rs. 5777.20, up by 115.00 points or 2.03% from its previous closing of Rs. 5662.20 on the BSE.
The scrip opened at Rs. 6039.80 and has touched a high and low of Rs. 6039.80 and Rs. 5762.30 respectively. So far 2876 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6500.00 on 24-Jul-2024 and a 52 week low of Rs. 3342.75 on 02-Nov-2023.
Last one week high and low of the scrip stood at Rs. 6039.80 and Rs. 5355.70 respectively. The current market cap of the company is Rs. 9157.50 crore.
The promoters holding in the company stood at 58.29%, while Institutions and Non-Institutions held 26.90% and 14.82% respectively.
Power Mech Projects has received an order worth Rs 114.30 crore from Coastal Energen for ‘Extension of time for Operation and Maintenance of 1200 MW (2*600MW) coal based thermal power plant namely Mutiara Thermal Power Plant, owned by Coastal Energen located at, Melamaruthur Village, Ottapidaram Taluk, Tuticorin District, Tamilnadu for a period of one year with effect from October 01, 2024.
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.
