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Power Mech Projects is currently trading at Rs. 2535.20, up by 23.05 points or 0.92% from its previous closing of Rs. 2512.15 on the BSE.

The scrip opened at Rs. 2575.05 and has touched a high and low of Rs. 2586.65 and Rs. 2530.05 respectively. So far 2191 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. 2,054.95 on 28-Dec-2023.

Last one week high and low of the scrip stood at Rs. 2586.65 and Rs. 2489.80 respectively. The current market cap of the company is Rs. 8054.09 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 186 crore (excluding GST) order from Jaiprakash Power Ventures (JPVL). This order entails providing Field Operation and Maintenance services for the 2 x 660MW Jaypee Nigrie Super Thermal Power Plant located in Nigrie, Madhya Pradesh, over a five-year period starting from January 1, 2025, to December 31, 2029.

The contract value/ month for the first year would be Rs 3.10 crore per month and thereafter, a monthly price escalation, based on the Wholesale Price Index (WPI), shall be applicable for the remaining period of 48 months from January 1, 2026, to December 31, 2029. 

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.