Power Mech Projects shoots up ~11% on bagging orders worth Rs275cr

The company has received four orders aggregating to a value of Rs275cr.

Sep 11, 2019 07:09 IST India Infoline News Service

Power Mech Projects
Power Mech Projects announced today that it has bagged orders of Rs275cr.

The company's shares soared over 10% in afternoon trade.

The details are as under:
  • Construction of C.O.P's, Pit lines, Service building, and balance work of between Charlapalli-Ghatkesar station for construction of Parcel shed, Pit wheel lathe shed, F.O.Bs, Station Building, Approach Road, Electrical Sub Station, Bio Toilets shed, Escalator, Lifts, other connected Miscellaneous works etc.., in connection with Proposed Development of New Coaching Terminal Facilities at Charlapalli station for total contract value of Rs77ce crores to be completed within 18 months awarded by South Central Railway.
  • Erection, testing, commissioning and handing over of Steam turbine and Aux Generator, aux pumps etc. for 2*660MW, Maitree STPP, Rampal, Bangladesh for a total contract price of Rs50cr to be completed within a period of 24 months awarded by BHEL.
  • Structural work, for Maitree STPP Unit- 1&2, of Coal, ash and lime and gypsum handling plant including supply of labour, tools, plant for 2*660 Maitree Rampa! Project, Bangladesh for a total contract price of Rs72cr to be completed within 21 months awarded by BHEL.
  • Covers, design, assembly, manufacturing, engineering etc. for 2*660 Maitree Rampa! Project, Bangladesh for a total contract price of Rs76cr to be completed within 18 months awarded by BHEL.
Power Mech Projects Ltd is currently trading at Rs705 up by Rs70.85 or 11.17% from its previous closing of Rs634.15 on the BSE.
The scrip opened at Rs655 and has touched a high and low of Rs710 and Rs646.05 respectively. So far 27,934 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs932.88cr.

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