Power Mech bags order worth Rs. 275 crore

Power Mech Projects Limited informed the exchanges that it has bagged orders worth Rs. 275 crores. The orders are for various projects that include –

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 Rs. 77 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*660 MW, Maitree STPP, Rampal, Bangladesh for a total contract price of Rs. 50 crores 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 Rampal Project, Bangladesh for a total contract price of Rs. 72 crores to be completed within 21 months awarded by BHEL.

Covers, design, assembly, manufacturing, engineering etc. for 2*660 Maitree Rampal Project, Bangladesh for a total contract price of Rs. 76 crores to be completed within 18 months awarded by BHEL.

The company’s order book as on FY19 stood at Rs. 7,407 crore which translates book-to-bill of 3.3x on FY19, giving strong revenue visibility for the next 3-4 years.

Cheering the order win, the stock jumped by 14.9 per cent and made an intra-day high of Rs. 729 on the BSE. At 02:20PM, the stock was trading nearly at Rs. 720.05.