Hot Pursuit     21-Apr-23
Power Mech Projects gains on bagging orders worth Rs 720 cr
Power Mech Projects rose 1.53% to Rs 2,505.45 after the company received orders worth Rs 720 crore for various works.
The company has received order worth Rs 362 crore for construction of Government Medical College & Hospital for Uttara Khand Pey Jal Nigam, Uttarakhand.

The company has bagged orders for distribution works under RDSS (Revamped Distribution Sector Scheme) for Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company (MPPKWCL), Khargone Circle, Indore, Madhya Pradesh and railway electrification of 25 KV OHE works, Mysuru Division, Karnataka. The said orders are worth Rs 162 crore.

The firm has received an order worth Rs 106 crore for balance erection works & refurbishment of 2x525 MW Monnet ISpat, JSPL, Angul, Odisha.

Further, the company has also received an order worth Rs 90 crore for operation & maintenance of complete sea water Intake system a 702 MW CCPP, GSPC Pipavav Power Company , Pipavav Gujarat. Mechanical maintenance services of turbine - generator & auxiliaries and balance of plant, Adani, for 5X660 MW Tiroda thermal power plant, Tiroda, Maharashtra and mechanical maintenance of boiler and auxiliaries for 6x660 MW Sasan UMPP, Reliance Power, Sasan. Steel pipeline laying & associated works of city gas distribution networks for West Bengal Cluster, HPCL, West Bengal.

Power Mech Projects s an engineering and construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M).

The company's consolidated net profit rose 54% to Rs 50.62 crore on 40.7% jump in net sales to Rs 909.11 crore in Q3 FY23 over Q3 FY22.

Previous News
  Power Mech bags order worth Rs 227 crore from Gujaraj Mineral Development Corp
 ( Hot Pursuit - 26-Sep-24   14:28 )
  Power Mech Projects wins O&M order of Rs 226.66 cr
 ( Corporate News - 26-Sep-24   14:03 )
  Power Mech Projects wins O&M order of Rs 865 cr
 ( Corporate News - 19-Sep-24   14:28 )
  Power Mech rises on Rs 865-cr order win from Vedanta's subsidiary
 ( Hot Pursuit - 19-Sep-24   12:40 )
  Power Mech Projects fixes record date for issue of bonus shares
 ( Corporate News - 29-Aug-24   14:07 )
  Power Mech Projects fixes record date for final dividend
 ( Market Beat - Reports 23-Aug-24   12:52 )
  Power Mech Projects fixes record date for bonus issue
 ( Market Beat - Reports 23-Aug-24   12:51 )
  Board of Power Mech Projects approves bonus issue of 1:1
 ( Corporate News - 23-Aug-24   12:48 )
  Power Mech spurts as board OKs 1:1 bonus issue
 ( Hot Pursuit - 23-Aug-24   12:01 )
  Power Mech Projects Ltd leads gainers in 'A' group
 ( Hot Pursuit - 23-Aug-24   12:00 )
  Power Mech Projects to convene AGM
 ( Corporate News - 23-Aug-24   11:03 )
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