Power Mech Projects Ltd receives orders worth Rs. 2192.41 crores

Power Mech Projects Limited has received orders worth Rs. 2,192.41 Crores as detailed below:

Contract for Revival & Operations and Maintenance (O&M) services at coal fired power plant consisting of 2x150 MW (Phase-1) and 2x350 MW (Phase-2) Sub-Critical Units located at village-Thamminapatnam, District Tirupati, Andhra Pradesh from Meenakshi Energy Limited for Rs.674.81 Crores.

Mining of river bed mineral (RBM) located in river bed of Dehradun, Haridwar, Udham singh Nagar and Nainital Districts for Rs.1,517.60 Crores (303.52 Cores per annum for a period of five years). This Contract would be executed through special purpose vehicle to be incorporated for the same.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 4144.60 as compared to the previous close of Rs. 4119.20. The total number of shares traded during the day was 1413 in over 430 trades.

The stock hit an intraday high of Rs. 4168.00 and intraday low of 4109.90. The net turnover during the day was Rs. 5848824.00.

Source : Equity Bulls

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PowerMechProjects INE211R01019 OrderWin