Power Mech share price: Shares of Power Mech Projects Limited saw a rise of 5.74 percent today on January 1. This stock closed at Rs 2715.10 on BSE. Actually, the company has received a new order worth Rs 294 crore from Adani Power. After this news, heavy buying was seen in the company’s shares today. With today’s rise, the market cap of the company increased to Rs 8,584.14 crore. The stock’s 52-week high is Rs 3725 and 520-week low is Rs 2080.50.
Details related to the order received by Power Mech
This domestic order involves providing overhauling services, condition assessment, installation, testing, commissioning and manpower support for performance guarantee test of Steam Generator (SG), Steam Turbine Generator (STG) and their accessories.
Last week, the company received another order worth Rs 186 crore from Jaiprakash Power Ventures, under which it is to provide field operation and maintenance services for the 2 x 660MW Jaypee Nigri Super Thermal Power Plant in Madhya Pradesh over a period of five years.
Power Mech’s business and financials
Power Mech Projects holds expertise in construction works, operation and maintenance services and civil works. It provides solutions for power and infrastructure sectors. Power Mech Projects reported 35.6 per cent growth in its consolidated net profit in Q2FY25 to Rs 69.51 crore from Rs 51.26 crore in the same quarter last year. In the September quarter, the company’s revenue increased by 11.04 percent year-on-year to Rs 1035.49 crore.
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