Power Mech Projects shares surged by 4% after securing a ₹294 Crore order (excluding GST) from Adani Power Limited (APL) for overhauling, condition assessment, and performance testing services.
As of 11:20 AM, Power Mech shares were 4.20% higher at Rs 2,678.00.
The contract involves the erection, commissioning, and manpower support for the Steam Generator (SG) and Steam Turbine Generator (STG) at the 2×660 MW Korba Phase-II Thermal Power Project, Units 3 and 4.
The deal includes an incentive of ₹1.25 crore per unit for timely synchronization, further strengthening Power Mech’s position in the energy sector. This major contract is expected to improve operational efficiency at Korba Thermal Power Plant, ensuring reliable and sustainable power generation.
Power Mech’s stock opened at ₹2,585.00, reaching a high of ₹2,700.00 and a low of ₹2,581.05. Its 52-week high is ₹3,725.00, while the 52-week low stands at ₹2,130.50
