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Power Mech Projects surges on bagging orders worth Rs 115 crore

26 Sep 2019 Evaluate

Power Mech Projects is currently trading at Rs. 766.25, up by 12.15 points or 1.61% from its previous closing of Rs. 754.10 on the BSE.

The scrip opened at Rs. 770.00 and has touched a high and low of Rs. 776.15 and Rs. 749.55 respectively. So far 5316 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. 794.90 and Rs. 674.00 respectively. The current market cap of the company is Rs. 1139.28 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 Intent/Work Order for the four projects worth Rs 115 crore. The first project is for operation and maintenance services for 2X600 MW, Coal based Singareni Thermal Power Plant (STPP) at Pegdapalli (V), Jaipur - Mandal, Mancherial District Telangana for a total contract price of approximately Rs 62 crore for a period of two years.

The second project is for mega contract for Electrical and C&I Maintenance at NTPC Khargone (2x660 MW) for a total contract price of approximately Rs 13 crore for a period of 36 months. The third project is for long term contract for maintenance (PM, BD and OH) of equipments of main plant boiler and auxiliaries and BOP (excluding major overhauls of boiler and turbine) at NTPC Khargone (2 X 660 Mw) for a total contract price of approximately Rs 13 crore for a period of 36 months.

The fourth project is for long term contract for maintenance of boiler, turbine, generator and auxiliaries, mechanical equipments, ash handling, electrical and control and instrumentation system at 2X660 MW units at Meja Thermal Power Plant for a total contract price of approximately Rs 27 crore for a period of 36 months.

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

2377.90 76.60 (3.33%)
17-Apr-2026 16:59 View Price Chart
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