Power Mech Projects soars on bagging order worth Rs 510 crore
Power Mech Projects is currently trading at Rs. 2831.00, up by 51.90 points or 1.87% from its previous closing of Rs. 2779.10 on the BSE.
The scrip opened at Rs. 2841.95 and has touched a high and low of Rs. 2862.20 and Rs. 2763.90 respectively. So far 3212 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. 1964.38 on 20-Dec-2023.
Last one week high and low of the scrip stood at Rs. 2862.20 and Rs. 2550.35 respectively. The current market cap of the company is Rs. 8957.05 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 received an order worth Rs 510 crore (excluding GST) from Adani Power for the performance of mechanical construction works for 2x800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (Project), at Raikheda village in Raipur District, Chhattisgarh. The order is to be executed within 34 months from the required erection start date.
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.
