OM Metals secures Rs 162 crores orders for Hydro-Mechanical works

OM Metals Infraprojects Ltd has announced that the Company has secured order for executing Hydro Mechanical works for Parbati HE Project (Stage-III) & Chamera HE Project (Stage-III) valued at approximately Rs 162 crores from National Hydroelectric Power Corporation Ltd. The order size for Parbati HE Project is Rs 96 crore and Chamera HE Project is Rs 66 crore. Parbati HE Project is based in Kullu, Himachal Pradesh and Chamera HE Project is based in Chamba, Himachal Pradesh.

The order is for designing, manufacturing, installation and commissioning of Hydro-mechanical works for these 2 project. The orders are expected to be executed over the next three years.

The stock closed the day at Rs.57.85, up by Rs.3.25 or 5.95%. The stock hit an intraday high of Rs.60 and low of Rs.53. The total traded quantity was 245272 compared to 2 week average of 139931.

Source : Equity Bulls

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