Rs 57,328 crore order book: This multibagger civil construction company receives new order worth Rs 232.03 crore from BHEL and JSOL

The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 800 per cent in 3 years.

Power Mech Projects Ltd (PMPL) has secured orders worth Rs. 232.03 Crores. The biggest order of Rs. 122.89 crores is from Bharat Heavy Electricals Limited (BHEL) for the erection of a powerhouse, coal handling plant and ash handling plant structures at 2X660 MW NTPC Talcher Odisha. The other two orders are from Jindal Steel Odisha Limited (JSOL) for Rs. 56.40 crores for erection of structural steel for coke oven and plate mill buildings at JSOL Angul and balance civil and architectural works for Yadadri TPS Unit 4 & 5 for Rs. 52.74 crores. All three orders are domestic and are to be executed within a period of 14 to 32 months.

Additionally, PMPL has been awarded multiple significant contracts in recent times. The company received an order worth Rs 396.25 crore from South East Central Railway for constructing an electrified railway line in Chhattisgarh. Furthermore, PMPL secured two orders exceeding Rs 1,200 crore in total. The first, valued at Rs 825 crore, involves civil and mechanical construction for a thermal power project in Madhya Pradesh. The second project, worth Rs 381.34 crore, entails constructing railway infrastructure elements in Maharashtra. All these projects will be completed within a specified timeframe ranging from 22 to 36 months.

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Established in 1999, Power Mech Projects Limited is an engineering and construction company offering comprehensive services for power plants, including building, testing, and maintaining boilers, turbines, and generators, as well as civil works and ongoing operations.

Their diverse portfolio encompasses various project scales, from ultra-mega to subcritical power plants, and their expertise extends across eight business units, including industrial services, construction, overseas operations, electrical systems, infrastructure construction, hydropower, manufacturing, and mining. The company has a market cap of over Rs 8,000 crore and as of November 13, 2023, the company’s order book stands at Rs 57,328 crore.

On Friday, shares of PMPL plunged 0.01 per cent to Rs 5,021.70 per share from its previous closing of Rs 5,021.60. The stock’s intraday high was Rs 5,057.40 and its intraday low was Rs 4,940.60. The stock gave multibagger returns of over 100 per cent in just 1 year and a whopping 800 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.