Power Mech Projects Ltd receives Rs. 6163.20 crores order from Adani Group

Power Mech Projects Limited has received Letters of Award (LOA) worth Rs. 6,163.20 Crores from Adani Group. The LOA is for 5 Flue Gas Desulphurisation (FGD) Projects from M/s. Adani Group for installation of 15 FGD retrofits to coal based units located at Mundra, Tiroda, Kawai and Udupi, on a complete EPC basis, to be executable over a period of 30 months for their plants ranging between 330 MW to 660MW.

These FGD units will effectively curb Sulphur dioxide emissions with 92% recoveries and will play a vital part in helping India's ambitious goal of reducing emission intensity as announced at the United Nations Climate Change Conference, COP 26.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 1156.30 as compared to the previous close of Rs. 1155.00. The total number of shares traded during the day was 7598 in over 1555 trades.

The stock hit an intraday high of Rs. 1175.00 and intraday low of 1123.00. The net turnover during the day was Rs. 8836979.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 LOA OrderWin AdaniGroup FlueGasDesulphurisationProjects FGD