Power Mech Projects Limited saw its shares rise nearly 3% in early trading on December 27 after securing a significant ₹186 crore contract (excluding GST) from Jaiprakash Power Ventures Limited (JPVL). The contract is for providing Field Operation and Maintenance (O&M) services for the 2×660 MW Jaypee Nigrie Super Thermal Power Plant in Madhya Pradesh.
As of 9:20 am the shares were trading 2.07% higher at ₹2,564.40 on NSE
Key Contract Highlights
- Project Duration: The agreement is for a five-year period, starting from January 1, 2025, to December 31, 2029.
- Monthly Contract Value: Fixed at ₹3.10 crore for the first year, with annual price escalations tied to the Wholesale Price Index (WPI) applicable from January 1, 2026.
- Nature of Work: Comprehensive operation and maintenance services aimed at optimizing plant performance and efficiency.
Additional Details
- Contract Awarded By: Jaiprakash Power Ventures Limited
- Project Location: Jaypee Nigrie Super Thermal Power Plant, Madhya Pradesh
- Total Contract Value: ₹186 crore (exclusive of GST)
- Execution Timeline: January 1, 2025, to December 31, 2029
Power Mech Projects Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Dec 26 2024
|
₹2,510.00
|
₹2,512.35
|
-0.42%
|
|
Tue, Dec 24 2024
|
₹2,553.95
|
₹2,522.85
|
-1.32%
|
|
Mon, Dec 23 2024
|
₹2,511.00
|
₹2,556.60
|
-0.19%
|
|
Fri, Dec 20 2024
|
₹2,661.55
|
₹2,561.40
|
-3.35%
|
|
Thu, Dec 19 2024
|
₹2,520.00
|
₹2,650.15
|
|
|
Wed, Dec 18 2024
|
₹2,630.00
|
₹2,556.40
|
-2.84%
|
|
Tue, Dec 17 2024
|
₹2,683.95
|
₹2,631.20
|
-1.97%
|
|
Mon, Dec 16 2024
|
₹2,736.50
|
₹2,683.95
|
-0.83%
|