Power Mech Projects Ltd secures order worth Rs. 186 crore

Power Mech Projects Ltd has secured a ₹186 Crore (excluding GST) order from Jaiprakash Power Ventures Limited (JPVL). This order entails providing Field Operation and Maintenance services for the 2 x 660MW Jaypee Nigrie Super Thermal Power Plant located in Nigrie, Madhya Pradesh, over a five-year period starting from January 1, 2025, to December 31, 2029.

The contract value/ month for the first year would be ₹3.10 crores per month and thereafter, a monthly price escalation, based on the Wholesale Price Index (WPI), shall be applicable for the remaining period of 48 months from 01.01.2026 to 31.12.2029.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 2512.15 as compared to the previous close of Rs. 2522.25. The total number of shares traded during the day was 2425 in over 768 trades.

The stock hit an intraday high of Rs. 2537.90 and intraday low of 2499.95. The net turnover during the day was Rs. 6106245.00.

Source : Equity Bulls

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