Power Mech secures orders worth Rs521.95 crore; stock gains ~1%

6 Jun 2022 , 03:29 PM

Power Mech Projects Limited informed that company has received a Letter of Award (LOA) for five orders worth Rs521.95 crore.

The orders received by the company include Civil Structural & Architectural Works for Flue Gas Desulphurisation (FGD) System in the existing 1×800 MW North Chennai Thermal Power Plant, Stage-III, Chennai, Tamil Nadu for BHEL. This order is worth Rs119 crore.

Second order is for the Execution of Complete site services & Erection Works for Coal, Limestone & Gypsum Handling Plant package for THDC Khurja Super Thermal Power Project (2x660MW) located at Bulandshahar, Uttar Pradesh, received from Mis. Thyssenkrupp Industries India Pvt. Ltd. worth Rs57.72 crore.

Third order is the construction of PEB Sheds, structures, buildings, supply, erection & commissioning of machinery & plant in connection with setting up of POH workshop for electric locomotives at Dabhoi, Vadodara, Gujarat, awarded by RVNL for a consortium of PMPL. This order is worth Rs113.32 crore.

Fourth Order is for the Supply of Structural Steel Fabricated items & Sheeting for Coal, Limestone & Gypsum Handling Plant package for THDC Khurja Super Thermal Power Project (2x660MW) located at Village of Dushahara Tehsil Khurja, Dist. Bulandshahar, Uttar Pradesh, India received from Mis. Thyssenkrupp Industries India Pvt Ltd. This order is received for an estimated amount of Rs113.32 crore.

Fifth order is for ETC of balance erection works of Boiler, TG auxiliaries, Critical piping, LP-MP Piping works at unit #2 of 2×800 MW Godda, TPS, Jharkhand.

Power Mech is currently trading at Rs970 up by Rs9.75 or 1.02% from its previous closing of Rs960.25 on the BSE. The scrip touched intraday high and low of Rs995.30 and Rs953.70 respectively.