Power Mech Projects Limited witnessed a nearly 3% jump in its stock price after securing a ₹510 crore contract from Adani Power Limited. The order involves mechanical construction works for the 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project in Raikheda village, Raipur District, Chhattisgarh.
Key Highlights
- Scope of Work: Power Mech will handle advanced mechanical construction aligned with ultra-supercritical thermal power generation standards.
- Project Value: At ₹510 crore, this project highlights Power Mech’s expertise in managing high-value, complex energy infrastructure assignments.
- Timeline: Scheduled for completion within 34 months from the start date, ensuring a focus on timely execution and quality.
Power Mech Projects’ stock opened at ₹2,800, reaching a high of ₹2,864.90 and a low of ₹2,761.15 during the day. The stock remains below its 52-week high of ₹3,725 but well above the 52-week low of ₹1,957.55.
As of 2:03 pm, Power Mech Projects shares were trading 2.06% higher at Rs 2,839.60 on the NSE.
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