Power Mech Projects is currently trading at Rs. 733.40, up by 15.45 points or 2.15% from its previous closing of Rs. 717.95 on the BSE.
The scrip opened at Rs. 723.90 and has touched a high and low of Rs. 742.00 and Rs. 722.00 respectively. So far 764 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. 562.10 on 11-Dec-2019.
Last one week high and low of the scrip stood at Rs. 742.00 and Rs. 660.00 respectively. The current market cap of the company is Rs. 1063.00 crore.
The promoters holding in the company stood at 62.50%, while Institutions and Non-Institutions held 14.36% and 23.14% respectively.
Power Mech Projects has received letter of award/work orders for two new projects. The first project is for Civil and Architectural works of all buildings structures & associated works of Coal, Ash, Lime and Gypsum handling plant and supply part of civil & architectural works for CHP, AHP & misc. work for 2x660 MW Maitree Rampal Project in Bangladesh to be completed in a period of 20 months for a total contract price of Rs 211 crore awarded by BHEL.
The second project is for operation and maintenance services for 2x660 MW Jaypee Nigrie Super Thermal Power Plant at Nigrie (MP) for a period of Five years for a total contract price of Rs 140 crore awarded by Jayprakash Power Ventures.
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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