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 Projects consolidated net profit rises 17.03% in the September 2023 quarter
 ( Results - Announcements 11-Nov-23   16:13 )
  Board of Power Mech Projects to consider fund raising via equity share issue
 ( Corporate News - 22-Aug-22   16:54 )
  Power Mech gallops on preferential issue plan
 ( Hot Pursuit - 23-Aug-22   12:21 )
  Power Mech Projects
 ( Analyst Meet / AGM - Conference Call 18-Feb-21   00:40 )
  Power Mech Projects standalone net profit rises 4.72% in the June 2016 quarter
 ( Results - Announcements 31-Aug-16   20:38 )
  Power Mech Projects forms SPV named - Kalyaneswari Tasra Mining
 ( Corporate News - 29-Aug-23   10:06 )
  Board of Power Mech Projects recommends final dividend
 ( Corporate News - 27-May-23   16:27 )
  Power Mech Projects consolidated net profit declines 91.40% in the December 2020 quarter
 ( Results - Announcements 12-Feb-21   17:53 )
  Power Mech Projects
 ( Analyst Meet / AGM - Conference Call 17-Nov-22   14:34 )
  Power Mech Projects
 ( Results - Analysis 23-May-22   08:38 )
  Power Mech Projects
 ( Results - Analysis 14-Aug-18   17:33 )
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