Power Mech Projects making progress after receiving LoA for five projects worth Rs 521.95 Crore – Udaipur Kiran | Latest news from Udaipur

Power Mech Projects is currently trading at Rs. 974.50, up 6.35 points or 0.66% from its previous close of Rs. 968.15 on BSE.

The certificate opened at Rs. 978.00 and touched a high and a low of Rs. 985.95 and rupees. 967.35 respectively. So far, 495 shares have been traded over the counter.

Rs. 10 face value ESB Group “B” stock touched a 52-week high of Rs. 1094.70 on 18-Oct-2021 and a 52-week low of Rs. 660.00 on 08-Jun-2021.

Last week, the high and low of the certificate stood at Rs. 1000.60 and Rs. 953.70 respectively. The current market capitalization of the company is Rs. 1424.22 crores.

Sponsors holding the company amounted to 63.69%, while institutions and non-institutions held 12.24% and 24.07% respectively.

Power Mech Projects has received Letter of Award (LoA) for the five projects worth Rs 521.95 crore. The first project is civil, structural and architectural works for the Flue Gas Desulfurization (FGD) system at the existing 1×800MW North Chennai Thermal Power Plant, Stage-III, Chennai, Tamil Nadu for BHEL worth of Rs 119.00 crore.

The second project is for the execution of full site services and erection works for the entire coal, limestone and gypsum processing plant for the THDC Khurja Super Thermal Power project (2x660MW) located in the village from Dushahara Tehsil Khurja, Dist. Bulandshehar, Uttar Pradesh, received from Thyssenkrupp Industries India. The order is for Rs 57.72 crore.

The third project is for the supply of structural steel fabricated elements and sheets for the coal, limestone and gypsum processing plant package for the THDC Khurja Super thermal power project (2x660MW) located in the village of Dushahara Tehsil Khurja, Dist. Bulandshehar, Uttar Pradesh, India received from Thyssenkrupp Industries India for Rs 126.91 crore.

The fourth project is for the construction of PEB sheds, structures, buildings, supply, assembly and commissioning of machinery and facilities as part of the establishment of a POH workshop for electric locomotives in Dabhoi , Vadodara, Gujarat, awarded by RVNL for a consortium of PMPL for Rs 113.32 million.

The fifth project is for ETC of boiler balance erection works, TG auxiliaries, critical piping, LP-MP piping works at 2×800MW Unit 2 Godda, TPS, Jharkhand for Rs 105.00 crore.

Power Mech Projects is an integrated power infrastructure services company. The Company’s activities include three business segments: erection works, operation and maintenance (O&M) services and civil works.