Power Mech secures order worth Rs. 245 crore

Power Mech Projects, an engineering and construction company, received two orders in Tamil Nadu and Karnataka for different capacity of thermal power plants.

The first order includes structural and architectural works of main plant area of Unit 1 at 2x800 MW Uppur Super Critical Thermal Power Project, Ramanathapuram District, Tamil Nadu for a total contract value of Rs 136 crores to be completed within a period of 30 months, said the company in a release to the exchanges. While the other order of worth Rs. 109 crore includes contract for operation and maintenance of 2x800 MW Coal based Yeramarus Thermal Power Station for a period of 30 months at Chikkasugur, Raichur District, Karnataka. The total worth of these orders are Rs. 245 crore.

Power Mech Projects is an engineering 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 stock reacted positively to this news and touched an intraday high of Rs. 951.75 on BSE. At 2:45 pm, the stock traded at Rs. 927.05 per share, while the benchmark index Sensex traded at 36,282, up by 319 points on Monday.