Power Mech Projects Ltd. witnessed a 5% surge in its share price after bagging a significant ₹579 crore (excluding GST) contract from Bharat Heavy Electricals Limited (BHEL). The contract involves a comprehensive civil, structural, and architectural project at the 2×800 MW DVC Koderma (KTPS) Phase-II, Jharkhand.
The project encompasses crucial civil works, including levelling and grading of the power block area, covering essential structures such as the transformer yard, boiler, ESP, mill, bunker, fan foundations, and chimney raft. Additional tasks include paving works, service buildings, sewage lines, and civil works related to LP piping and fire-fighting systems.
Furthermore, the contract involves constructing a rooftop solar system foundation, labor hutments, restrooms, and vital infrastructure within the power block. It also includes switchyard works, ventilation ducts, and fire protection systems, ensuring a holistic approach to civil construction at the site.
The entire project is scheduled to be completed within 32 months from the Letter of Award (LOA). This major win reinforces Power Mech’s expertise in handling large-scale infrastructure projects in the power sector.
Power Mech shares witnessed volatility in today’s session, opening at ₹2,299 and touching a high of ₹2,385.70 before dipping to ₹2,273.60. The stock remains well below its 52-week high of ₹3,725 but above its 52-week low of ₹1,700.
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