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Power Mech Projects Ltd receives 3 orders

Posted On: 2018-09-10 11:54:10

Power Mech Projects Ltd has received Letter of Intent/Work Orders for the following projects:

- Power Mech by way of JV, has been awarded contract by Municipal Council of Palwal, Haryana for providing water and sewerage works including construction of STP /STS along with O&M for five year for a total contract price of approximately Rs 128 crores to be completed within a period of 18 months. The Work will be executed by Hydro Magus Private Limited, Subsidiary Company (88%) of Power Mech.

- Design, Fabrication, Supply, Erection and 'Alignment of Prefabricated steel structure of Power Plant - II (175 mw & 60MW) at JSW Dolvi, Maharashtra for a total contract price of approximately Rs 56 crores to be completed within a period of 11 months.

- Operation & Maintenance of Coal Handling Plant 5*800 MW at CGPL UMPP Mundra Plant for a period of 02 years for a total contract price of Rs 63 crores.

Shares of Power Mech Projects Ltd was last trading in BSE at Rs.1020 as compared to the previous close of Rs. 1049.1. The total number of shares traded during the day was 3315 in over 239 trades.

The stock hit an intraday high of Rs. 1038 and intraday low of 1006.2. The net turnover during the day was Rs. 3382792.


Source: Equity Bulls

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