Power Mech Projects Ltd secures order from BSPGCL

Power Mech Projects Limited has secured orders from Bihar State Power Generation Company Limited (BSPGCL), for setting up of Grid Connected Distributed Solar Power Plants for Solarization of Agricultural / Mixed feeders (with agricultural load) in Power Sub-Stations through Procurement of Power by Bihar DISCOMs (NBPDCL/SBPDCL) at various locations in the State of Bihar through RESCO Mode for Implementation of PM-KUSUM Component C2 Scheme (Feeder Level Solarization). These projects are to be developed at various power sub-stations in the state of Bihar with a cumulative capacity of 13.66 MW (AC) and the total estimated revenue to be generated over a period of 25 years Power Purchase Agreement(s) (PPA) is approximately ₹159 Crores.

The comprehensive scope of work includes design, supply, installation, testing, commissioning and operation & maintenance of solar power plants along with the associated transmission infrastructure.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 3157.95 as compared to the previous close of Rs. 3098.30. The total number of shares traded during the day was 4024 in over 766 trades.

The stock hit an intraday high of Rs. 3210.95 and intraday low of 3098.20. The net turnover during the day was Rs. 12761292.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 OrderWin BSPGCL