Power Mech Projects is currently trading at Rs. 558.90, up by 18.90 points or 3.50% from its previous closing of Rs. 540.00 on the BSE.
The scrip opened at Rs. 542.45 and has touched a high and low of Rs. 574.30 and Rs. 540.40 respectively. So far 14614 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 700.00 on 03-Mar-2020 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. 574.30 and Rs. 536.00 respectively. The current market cap of the company is Rs. 826.74 crore.
The promoters holding in the company stood at 63.11%, while Institutions and Non-Institutions held 12.51% and 24.38% respectively.
Power Mech Projects has received Letters of Award (LoA) for three projects worth Rs 734 crore. The first project is for operation & maintenance of Boilers & auxillaries, TG & Auxilliaries, BOP, DM plant, Electrical, C & I, AHP, O&M, Filed operations and other miscellaneous jobs of 4 x 660 MW, Thermal Power Plant of Vedanta, Jharsuguda.
The second project is for Design & Engineering, Supply, Installation, Commissioning and PGT of 9 MTPA Ore Handling Package at Primary Area, Dispatch Area-1 and Dispatch area-2 on EPC Basis at Kurmitar Iron Ore Mining (KIOMPL), Odisha and another order is for all Civil, Architectural and Structural Works of Main Plant for 2X660 MW Khurja STPP (Turbine Generator and Associated Packages) for BHEL at Khurja, Uttar Pradesh.
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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