From Rs 3,524 crore to Rs 53,320 crore order book; Company bagged orders worth Rs 625 crore from Hindustan Zinc and Vedanta Limited!
The stock has generated an impressive 200 per cent return in the last one year.
Power Mech Projects Limited, a prominent engineering and construction company that undertakes mega power projects, has made a significant announcement regarding orders received by the company.
As detailed in the official report, Power Mech Projects Limited has been awarded two work orders from prominent players in their respective industries, namely Hindustan Zinc and Vedanta Limited. These orders are as follows:
The first order is from Hindustan Zinc Limited for the operation and maintenance of a 2*91.2 MW power plant, including the control room operation of the Captive Power Plant (CPP) at Dariba, Udaipur, Rajasthan, worth Rs 223.20 crore. According to the information provided by the company, the project is to be executed within six years.
The second order received by the company is from Vedanta Limited for the erection, testing, and commissioning assistance of the boiler, turbine, and generator for its 2*600 MW power plant project site in the village of Singhitarai, Chhattisgarh, for Rs 396.01 crore. The said project is to be executed within 18 months.
Today, the company's shares began trading at Rs 4012.05, marking a 1 per cent decrease from the previous day's closing price of Rs 4049.55. They reached an intraday high of Rs 4203.80 each on the BSE. Finally, stock concluded the day at Rs 4122 each on the BSE.
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The market capitalization of the company is Rs 6155.36 crore. Additionally, the stock has delivered a return of 202 per cent in a year and 842 per cent in the last three years.
Investors should keep an eye on this stock.
Disclaimer: This article is for informational purposes only and not investment advice.