Power Mech incorporates a new subsidiary

A new company by the name of Power Mech Environmental Protection Private Limited has been incorporated as a wholly owned subsidiary by Power Mech Projects Limited.

The authorised capital for the new subsidiary is Rs 100,000 divided into 10,000 equity shares of Rs 10 each. The paid up capital is Rs 100,000 divided into 10,000 equity shares of Rs 10 each. The new company, which falls in the infrastructure sector is set up for erection, testing, commissioning, maintenance, overhauling, and pollution reducing and life extension programs of various gas, thermal, hydro, solar, wind nuclear power plants and all types of other industrial plants.

Power Mech Projects Limited operates as an engineering and construction company, providing erection, testing, and commissioning (ETC) and civil and operation and maintenance services for power projects. It operates through three segments, namely, erection,  civil and operations, and maintenance. Its services for thermal (coal and oil) gas, combined cycle, and hydro plants include ETC of boiler, turbine, generator and auxiliaries, balance of plant (BOP), fabrication of power house, bunkers and BOP structures, etc.

On Monday, the stock of the company closed at Rs 605.25, up by 0.02 per cent or Rs 0.15 per share. The intraday high is Rs 613.90 and intraday low is Rs 603.15. The 52-week high is Rs 1,164.15 and 52-week low is Rs 562.10 on BSE.