Power Mech Projects soars on securing orders worth Rs 551.35 crore
Power Mech Projects is currently trading at Rs. 3335.15, up by 116.60 points or 3.62% from its previous closing of Rs. 3218.55 on the BSE.
The scrip opened at Rs. 3349.50 and has touched a high and low of Rs. 3398.90 and Rs. 3312.40 respectively. So far 6178 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. 1698.85 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 3415.45 and Rs. 3191.05 respectively. The current market cap of the company is Rs. 10587.03 crore.
The promoters holding in the company stood at 58.28%, while Institutions and Non-Institutions held 28.38% and 13.33% respectively.
Power Mech Projects has secured orders around Rs 551.35 crore. The company has secured first order worth Rs 498.39 crore (excluding all taxes, duties, levies, cess etc. and GST) from SJVN Thermal (P) (STPL) for commissioning support & comprehensive operation and maintenance contract of coal based supercritical Buxar Thermal Power Project (BTPP) (2 x 660 MW) at Chausa, Bihar. The order is to be executed within 39 months.
In addition, the company has secured another order worth Rs 52.96 crore (Excluding all taxes, duties, levies, cess etc. and GST) from Jhabua Power (a joint venture of NTPC) for operation and maintenance of boiler, turbine and generator of 1 x 600 MW unit of Jhabua Power situated at Village Barela, Madhya Pradesh. The contract period shall be 3 years with a provision for extension for 1 year.
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.
