Power Mech Projects is currently trading at Rs. 483.20, up by 14.25 points or 3.04% from its previous closing of Rs. 468.95 on the BSE.
The scrip opened at Rs. 477.00 and has touched a high and low of Rs. 503.00 and Rs. 472.00 respectively. So far 23133 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,009.70 on 05-Jul-2019 and a 52 week low of Rs. 310.00 on 27-May-2020.
Last one week high and low of the scrip stood at Rs. 503.00 and Rs. 441.00 respectively. The current market cap of the company is Rs. 713.47 crore.
The promoters holding in the company stood at 62.50%, while Institutions and Non-Institutions held 14.41% and 23.09% respectively.
Power Mech Projects has received Letter of Intent/Work Order for the three projects worth Rs 1507 crore. The first project is for Civil & Architectural works of coal handling plant (CHP) area of all units 5x800 MW (ie unit 1 to unit 5) at Yadadri Thermal Power Plant, at Dameracherla, Nalgonda district in ‘Telangana, India for a contract price of Rs 290 crore to be executed over 26 months.
The second project is for Sand Mining contracts from the Madhya Pradesh State Mining Corporation at two different locations. The first contract at Sehore District which consists of 30 sand mines / quarries at different locations. The total contract value for the mining is Rs 272 crore for 60.00 Lacs CUM of sand over a period of 30 Months and the second contract at Bhind District which contain 75 sand mines / quarries at different locations. The total contract value to be paid for the mining is Rs 205 crore for 75.00 Lacs CUM of sand over a period of 30 Months.
The third project received from NMDC for the turnkey job of the proposed 12 MIPA installation of the third screening and crushing plant of iron ore at Kirandul, Chattisgarh state. The total value of the bid is Rs 1,229 crore excluding taxes and the share of Power Mech Projects Ltd is Rs 740 crore around 60% as leader of the consortium. The contract is to be executed over 33 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.
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