Power Mech has received communication from State Project Director, Andhra Pradesh about cancelling the order 'Package-III -Providing necessary infrastructure viz. Furniture and Additional Class Rooms including Library rooms & Electrical facilities in all Government Schools, KGBVs & Bhavitha buildings (Krishna and Guntur districts) on Hybrid Annuity Mode (HAM) worth Rs 512.78 crore on the ground that the Project is not grounded (work not commenced). As the construction activity is not commenced, there is no implication on the financials of the Company.
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.
