Rs 54,437 crore order book: This multibagger civil construction company receives new orders worth Rs 825 crore from Mahan Energen Limited!

The stock gave multibagger returns of over 110 per cent in just 1 year and a whopping 950 per cent in 3 years.

Power Mech Projects Ltd informed that the company has received an order worth Rs 825 crore from Mahan Energen Limited. The order includes civil and mechanical construction works for the 2x800 MW (Phase-II) Mahan Ultra Supercritical Thermal Power Project, Village: Bandhua, District Singrauli, Madhya Pradesh. The project will be executed in phases, with different packages being completed within a timeframe ranging from 22 to 33 months.

Earlier, Power Mech Projects Ltd secured a massive Rs 2,192.41 crore in orders, comprising a Rs 674.81 crore, 5-year contract for reviving and maintaining a coal-fired power plant in Andhra Pradesh and a Rs 1,517.60 crore, 5-year contract for mining riverbed minerals in Uttarakhand, to be executed through a dedicated special purpose vehicle.

Power Mech Projects Limited has been awarded the biggest order of Rs 30,438 crore mine development and operation project by the Steel Authority of India Ltd. The project will be executed by a consortium of PMPL and PC Patel Infra, with PMPL holding a 74 per cent stake. As of November 13, 2023, the company’s order book stands at Rs 54,437 crore. Including the above orders, the company's order book now stands at over Rs 56,484 crore.

Today, shares of PMPL surged 0.56 per cent to Rs 4,511.10 per share from its previous closing of Rs 4,486. The stock’s intraday high was Rs 4,558 and its intraday low was Rs 4,448.55.

The company has a market cap of over Rs 7,000 crore. The stock gave multibagger returns of over 110 per cent in just 1 year and a whopping 950 per cent in 3 years. Investors should keep an eye on this Small-Cap civil construction company’s stock.

Disclaimer: The article is for informational purposes only and not investment advice.