Power Mech Projects receives orders worth Rs. 1034.13 crores

Power Mech Projects Limited has received Service Order Letters of Award (LOA) worth Rs 1,034.13 Crores as below:

- Service Order for Execution of retrofitting of Flue Gas Desulphurisation (FGD) System from Adani Group for its thermal power plants located at Mahan (Madhya Pradesh), Raigarh (Chhattisgarh) , Raipur (Chhattisgarh) ranging between 600 MW to 685MW - Rs. 608.00 crores.

- Setting up of Wagon Repair Workshop at Kazipet, Telangana, on EPC mode. This project is awarded to Power Mech- Taikisha JV, a Joint Venture of Power Mech Projects Limited and Taikisha Engineering India Private Limited (with 65.83 and 34.17 sharing) - Rs. 306.60 crores.

- Providing Technical Expert, Rotary Technicians & Operation and Maintenance Services for CPP and related utility including Central Control Room for 8 x 34.5 MW' at Dangote Petroleum Refinery and Petrochemicals Project, Lagos, Nigeria. The contract period of this work is 24 months - Rs. 119.53 crores.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 1842.70 as compared to the previous close of Rs. 1915.05. The total number of shares traded during the day was 5037 in over 1630 trades.

The stock hit an intraday high of Rs. 1992.30 and intraday low of 1813.60. The net turnover during the day was Rs. 9590128.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 LOA OrderWin