Power Mech Projects' JV receives LoA worth Rs 499.41 crore

Power Mech Projects Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 539302 | NSE: POWERMECH

13 Oct 2022 Evaluate

Power Mech Projects' (PMPL) Joint Venture (JV) has received a Letter of Award (LoA) worth Rs 499.41 crore from Bangalore Metro Rail Corporation (BMRCL) for Construction of Depot cum workshop at Challaghatta in Reach-2 Extension of Bangalore Metro Rail Project, Phase-2. This project is awarded to RITES- PMPL JV, a Joint Venture of Rites and Power Mech Projects with 51:49 Sharing.

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.

Peers

Company Name	CMP
Larsen & Toubro	3819.50
Kalpataru Projects	1390.30
NCC	135.00
Rail Vikas Nigam	197.10
KEC International	397.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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