Power Mech Projects Limited gets LOA for Rs. 2120 crores order

Power Mech Projects Limited has received Letter of Award (LOA) for the following work worth Rs.2120.00 Crores:

The order is for construction of ground water based piped drinking water schemes in rural areas of Meerut and Prayagraj Mandals, under Jal Jeevan Mission, Govt of Uttar Pradesh awarded for a Joint Venture of Power Mech Projects Limited, wherein PMPL holds 70% and the JV Partner Holds 30%)

The order being won by the Company is under PhaseIII Projects to be executed in 2120 villages of Pratapgarh,Fatehpur and Meerut Districts in Uttar Pradesh.

Major Components of the project are about 2100 tube wells, 2100 Water Tanks and 13,000 Kms of Pipeline network for supply of drinking water to about 50 Lakh population.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 879.30 as compared to the previous close of Rs. 879.65. The total number of shares traded during the day was 816 in over 178 trades.

The stock hit an intraday high of Rs. 898.75 and intraday low of 875.15. The net turnover during the day was Rs. 719284.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 OrderWin JalJeevanMission