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Power Mech Projects jumps on bagging orders worth Rs 624 crore

04 Jul 2017 Evaluate

Power Mech Projects is currently trading at Rs. 594.00, up by 8.90 points or 1.52% from its previous closing of Rs. 585.10 on the BSE.

The scrip opened at Rs. 586.00 and has touched a high and low of Rs. 611.00 and Rs. 585.50 respectively. So far 39757 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 624.50 on 10-May-2017 and a 52 week low of Rs. 389.95 on 10-Mar-2017.

Last one week high and low of the scrip stood at Rs. 619.90 and Rs. 585.00 respectively. The current market cap of the company is Rs. 875.29 crore.

The promoters holding in the company stood at 65.08%, while Public held 34.92% stake.

Power Mech Projects has received a Letter of Intent/Work Orders worth Rs 624 crore. The company’s 50:50 JV - GTA Power Mech Nigeria has received an order for Composite Work tender Unit - V for Dangote Oil Refining Company, Lagos, Nigeria for a total contract price of $76 million around Rs 491 crore.

Besides, Mas Power Mech Arabia LLC, 51 % subsidiary of the company has received an order for Installation works of HRSG, CENTER LINE (STG & GTG) #1, #2 & #3 for 1800MW ALBA PS5 CCPP, Kingdom of Bahrain, for a total contract price of $20.61 million around Rs 133 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.

Power Mech Projects Share Price

2432.40 54.50 (2.29%)
20-Apr-2026 16:59 View Price Chart
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