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Power Mech Projects to incorporate subsidiary company

13 Dec 2017 Evaluate

Power Mech Projects has received an approval to incorporate a subsidiary company (51:49) along with its JV partner BSCPL Infrastructure. This step has been taken in view of the tender requirements of AMTZ project for the infrastructure development work awarded to the company.

The board of directors at its meeting held on December 13, 2017 has approved for the same. The board has also approved to make an investment not exceeding an amount of Rs 10 lakh in the proposed company to be incorporated.

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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