Hot Pursuit     07-Sep-23
Power Mech gains on bagging multiple orders worth Rs 625 cr
Power Mech Projects rose 1.73% to Rs 4119.50 after the company announced that it has received two orders aggregating to Rs 625.21 crore from Hindustan Zinc and Vedanta.

The first order received from Hindustan Zinc entails operation and maintenance of 2x 91.2 MW including control room operation of captive power plant (CPP) at Dariba in Rajasthan. The consideration of the order stands at Rs 229.20 crore and is to be executed in a period of six years.

Subsequently, the civil construction company has also won a Rs 396.01 crore order from Vedanta which involves erection, testing and commissioning assistance of boiler, turbine, generator for its 2x600 MW project site at Singhitarai village in Chhattisgarh. The company said the order is to be executed in 18 months.

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 jumped 29.1% to Rs 50.99 crore on 15.9% increase in net sales to Rs 865.13 crore in Q1 FY24 over Q1 FY23.

Previous News
  Power Mech Projects consolidated net profit rises 29.12% in the June 2023 quarter
 ( Results - Announcements 09-Aug-23   17:05 )
  Power Mech Projects wins orders worth Rs 723.9 cr
 ( Corporate News - 25-Aug-23   09:27 )
  Power Mech spurts on Rs 825-cr project win
 ( Hot Pursuit - 08-Jan-24   16:11 )
  Power Mech Projects Ltd leads gainers in 'A' group
 ( Hot Pursuit - 01-Jul-21   12:00 )
  Power Mech Projects consolidated net profit rises 13.75% in the March 2021 quarter
 ( Results - Announcements 17-Jun-21   16:15 )
  Power Mech Projects secures orders worth Rs 725.17 cr
 ( Corporate News - 15-Nov-21   11:38 )
  Power Mech Projects
 ( Results - Analysis 23-May-22   08:38 )
  Board of Power Mech Projects recommends final dividend
 ( Corporate News - 05-Jun-17   17:25 )
  Power Mech Projects
 ( Analyst Meet / AGM - Conference Call 24-May-22   08:55 )
  Power Mech Projects consolidated net profit rises 6.78% in the September 2017 quarter
 ( Results - Announcements 16-Nov-17   16:46 )
  Power Mech Projects
 ( Results - Analysis 15-Nov-18   09:47 )
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