Power Mech Projects is currently trading at Rs. 704.05, up by 69.90 points or 11.02% from its previous closing of Rs. 634.15 on the BSE.
The scrip opened at Rs. 655.00 and has touched a high and low of Rs. 710.00 and Rs. 646.05 respectively. So far 2704 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1164.15 on 29-May-2019 and a 52 week low of Rs. 630.00 on 04-Sep-2019.
Last one week high and low of the scrip stood at Rs. 710.00 and Rs. 630.00 respectively. The current market cap of the company is Rs. 1009.38 crore.
The promoters holding in the company stood at 62.51%, while Institutions and Non-Institutions held 14.11% and 23.40% respectively.
Power Mech Projects has received Letter of Award/Work Order for the four projects worth Rs 275 crore. The first project is for construction of C.O.P's, Pit lines, Service building, and balance work of between Charlapalli-Ghatkesar station for construction of Parcel shed, Pit wheel lathe shed, F.O.Bs, Station Building, Approach Road, Electrical Sub Station, Bio Toilets shed, Escalator, Lifts, other connected Miscellaneous works etc., in connection with Proposed Development of New Coaching Terminal Facilities at Charlapalli station for total contract value of Rs 77 crore to be completed within 18 months awarded by South Central Railway.
The second project is for erection, testing, commissioning and handing over of Steam turbine and Aux Generator, aux pumps etc. for 2X660 MW, Maitree STPP, Rampal, Bangladesh for a total contract price of Rs 50 crore to be completed within a period of 24 months awarded by BHEL. The third project is for structural work, for Maitree STPP Unit- 1&2, of Coal, ash and lime and gypsum handling plant including supply of labour, tools, plant for 2X660 Maitree Rampal Project, Bangladesh for a total contract price of Rs 72 crore to be completed within 21 months awarded by BHEL. The fourth project is for covers, design, assembly, manufacturing, engineering etc. for 2X660 Maitree Rampal Project, Bangladesh for a total contract price of Rs 76 crore to be completed within 18 months awarded by BHEL.
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.
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