Power Mech Projects wins orders worth ₹734 crore

Power Mech Projects on Wednesday 3rd March announced that the company has received letters of award for orders valued at Rs 734 crore.

The engineering and construction firm in a regulatory filing stated that it has secured an order worth Rs 401 crore for operation and maintenance of boilers and auxiliaries and other miscellaneous jobs of 4 x 660 MW, Thermal Power Plant of Vedanta Limited, Jharsuguda.

In addition to this, the company has also gained another order of Rs 198 crore for engineering, procurement, and construction (EPC) works for Kurmitar Iron Ore Mining Private Limited, Odisha.

Lastly, Power Mech Projects has won an order worth Rs 135 crore for all civil, architectural and structural works of the main plant for 2X660 MW Khurja STPP (Turbine Generator and Associated Packages) for BHEL at Khurja, Uttar Pradesh.

The stock of Power Mech Projects is trading at Rs 549.05 (2:10 PM IST) on Wednesday 3rd March. This is up by 8.9 points or 1.65%. It opened at Rs 547.80.