MoneyWorks4Me

Power Mech Projects bags orders worth Rs 271.89 crore

09 Nov 2016 Evaluate

Power Mech Projects has bagged orders worth Rs 271.89 crore from international clients through its two subsidiaries. The company’s 70% subsidiary -- Power Mech Projects LLC, Oman -- has received an order for mechanical installation work valued at 8.98 million Omani riyals (approximately Rs 155.51 crore) from Tiejun Ibri Power Construction.

Mas Power Mech Arabia, Saudi Arabia, a 51-per cent subsidiary, has received an order from Abener Abeinsa for Construction, Water and Power Company Ltd, Saudi Arabia, for $17.50 (about Rs116.38 crore).

Power Mech Projects is an integrated power infrastructure services company. The Company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.

Peers
Company Name CMP
Larsen & Toubro 3819.50
Kalpataru Projects 1390.30
NCC 135.00
Rail Vikas Nigam 197.10
KEC International 397.60
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