Power Infra stock gains 8% amid Rs 579 crore order win from BHEL
On Monday, March 24, Power Mech Projects Ltd.'s shares jumped 8.15% to reach an intraday high of Rs 2,347 per. Past month the stock has increased by 18.44%.
On Monday, March 24, after the business signed a Rs 579 crore contract from Bharat Heavy Electricals Limited (BHEL) for civil, structural, and architectural works at the 2x800MW DVC Koderma Thermal Power Station (KTPS), Power Mech Projects LTD shares increased over 8%.
Among other tasks, the contract covers the construction of foundations, levelling and grading of the power block area, service buildings, ventilation systems, fire protection systems, and fencing. From the date of the Letter of Award (LOA), the project's implementation schedule runs 32 months.
Capitalising on rising sector demand, Power Mech offers services for power plants and infrastructure projects—including erection, testing, commissioning (ETC), operation and maintenance (O&M), and civil works.
On Monday, March 24, Power Mech Projects Ltd.'s shares jumped 8.15% to reach an intraday high of Rs 2,347 per. Past month the stock has increased by 18.44%.
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