Power Mech Projects is currently trading at Rs. 4791.85, up by 83.25 points or 1.77% from its previous closing of Rs. 4708.60 on the BSE.
The scrip opened at Rs. 4708.40 and has touched a high and low of Rs. 4820.00 and Rs. 4648.60 respectively. So far 3414 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5544.00 on 07-Feb-2024 and a 52 week low of Rs. 2999.35 on 31-May-2023.
Last one week high and low of the scrip stood at Rs. 5059.95 and Rs. 4648.60 respectively. The current market cap of the company is Rs. 7575.03 crore.
The promoters holding in the company stood at 60.38%, while Institutions and Non-Institutions held 24.42% and 15.19% respectively.
Power Mech Projects (PMPL) has secured its first construction project in the critical nuclear power sector. The company has been awarded a significant order valued at Rs 563.23 crore from Bharat Heavy Electricals (BHEL)-Power Sector Southern Region for Civil, Structural, and Architectural works of Turbine Island package of 2 x 700 MWe, PHWR, Kaiga Atomic Power Project (Units 5 and 6) in Uttar Kannada Dt., Karnataka. This exciting opportunity represents a significant step forward for PMPL's diversification of its existing capability into a new sector and the company's commitment to supporting the country's energy infrastructure.
The scope of work includes number of segments covering civil, electrical, and structural works like TG building, Foundation for all equipment, chemical lab, Storage tanks, Peripheral drains, sewage network, storm water drains, culverts, plinth protection, Pipes and cable bay, Condenser cooling water pipes, Plumbing and sanitary works etc. The said order is expected to be completed in 32 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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