Power Mech Projects shines on securing Rs 294 crore order
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Power Mech Projects is currently trading at Rs. 2677.25, up by 109.50 points or 4.26 % from its previous closing of Rs. 2567.75 on the BSE.
The scrip opened at Rs. 2677.95 and has touched a high and low of Rs. 2699.95 and Rs. 2587.45 respectively. So far 3451 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3725.00 on 23-Aug-2024 and a 52 week low of Rs. 2080.50 on 07-Jun-2024.
Last one week high and low of the scrip stood at Rs. 2699.95 and Rs. 2499.95 respectively. The current market cap of the company is Rs. 8454.51 crore.
The promoters holding in the company stood at 58.28%, while Institutions and Non-Institutions held 28.21% and 13.50% respectively.
Power Mech Projects has secured a Rs 294 crore (excluding GST and an incentive amount of Rs 1.25 crore per unit after achieving the Synchronization within stipulated time) order from Adani Power (APL) for Overhauling services, condition assessment, Erection, Testing, Commissioning and manpower assistance for Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator (STG) and its Auxiliaries for Unit 3 and 4 of 2x660 MW Korba Phase-II Thermal Power Project.
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.
