Rs 53,320 crore order book and FIIs & DIIs increase stake: This multibagger construction company bags Rs 355 crore order from BHEL!

The shares of this company gave more than 20 per cent returns in the last 6 months

Power Mech Projects Limited informed in the exchange filing that it has received a new order worth Rs 355 crore from BHEL. The order is for erection, commissioning & trial operation including application of lining, insulation, supply & touch-up painting as and where required including handling of materials at BHEL client's stores, storage yard and transportation to the site and handing over of the Boiler and its auxiliaries, Power Cycle piping, Steam Turbine Generator of unit 1&2 at 2x660 MW NTPC, Talcher, Odisha.

Power Mech Projects Ltd is an engineering and construction firm that specializes in the installation, testing, and commissioning (ETC) of boilers, turbines, and generators, as well as a balance of plant (BOP), civil works, and operation and maintenance (O&M). The firm works on ultra mega power, supercritical thermal power, and subcritical power projects. The stock has delivered multibagger returns of more than 800 per cent in the last three years. Additionally, FIIs and DIIs increased their stake in the company in October 2023.

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Today, the stock opened at Rs 3753.70, with a high and low of Rs 3753.70 and Rs 3617.15. The stock closed trading at Rs 3678.05, down by 0.06 per cent. The stock has a 52-week high of Rs 5,062.25 and a 52-week low of Rs 1,571.20. The company has an ROCE of 22.2 per cent and an ROE of 17.9 per cent, with a market capitalisation of Rs 5822 crore.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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