Power Mech Projects wins orders worth Rs.192 crore

Power Mech Projects bagged multiple orders worth Rs. 192 crore, the company announced on Thursday.

A civil work order for two 660 MW Maitree Super Thermal Power Project in Bangladesh was awarded to the company. The project is to be completed in 20 months for a contract price of Rs. 132.5 crore.

The company received an order for erection, testing, installation, commissioning and pre- commissioning and handover of HRSG at Sabiya power plant, Kuwait for a total contract price of Rs. 45 Crore.

The company also received a 14.5 crore contract for construction of power cycle piping and auxiliaries for three 660 MW at Barh Project, Bihar.

Power Mech Projects Limited is an engineering and construction company providing services in power and infrastructure industries.

On Thursday, Power Mech closed at Rs.873.15 per share, up Rs. 2.95 or 0.34 per cent on NSE. The scrip opened at Rs. 870.20 and touched a high of Rs. 909.90 and a low Rs. 864.05 per share on NSE. The stock attracted a traded volume of 43,924 shares on NSE.