Power Mech Projects Limited receives orders worth Rs. 723.90 crores

Power Mech Projects Limited has received the following orders worth Rs. 723.90 Crores.

- Order Worth Rs.158.67 Crores from Raichur Power Corporation Limited for Operation and Maintenance of 2x800 MW Coal based Yeramarus Thermal Power Station (YTPS) at Chikkasugur, Raichur District, Karnataka.

- Order worth RS.565.23 Crores from Madhya Pradesh State Mining Corporation Limited for Sand Mining as Mine Developer Cum Operator for a period of three years in the areas of Narmadapuram -2, Raisen and Narasingpur in the State of Madhya Pradesh. These Contracts would be executed through special purpose vehicles to be incorporated for the same.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 3949.95 as compared to the previous close of Rs. 3956.70. The total number of shares traded during the day was 1339 in over 311 trades.

The stock hit an intraday high of Rs. 3990.00 and intraday low of 3930.00. The net turnover during the day was Rs. 5310109.00.

Source : Equity Bulls

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PowerMechProjects INE211R01019 OrderWin