Shares of Power Mech Projects Ltd surged over 3% on Tuesday, October 15, after the company announced it had secured a major order worth ₹2,500 crore (excluding GST) from Bharat Heavy Electricals Limited (BHEL).
As of 10:55 a.m., the stock was trading 3.09% higher at ₹2,909.10 on the National Stock Exchange (NSE), up ₹87.10 from the previous close of ₹2,822. The company’s market capitalization now stands at approximately ₹9,306 crore.
According to the exchange filing, the contract involves executing an EPC package for Balance of Plants (BOP) for the 1×800 MW Singareni Super Thermal Power Project (Stage-II) in Mancherial, Telangana. The scope of the project includes design, engineering, manufacturing, inspection, testing, supply, civil and structural works, erection, commissioning, and trial runs.
The project will be completed within 38 months, and Power Mech confirmed the order was obtained from a domestic entity, with no related-party involvement.
This order win adds further strength to Power Mech’s robust order book and solidifies its presence in the power infrastructure space.
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