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Last Updated : Jan 22, 2020 12:28 PM IST | Source: PTI

Power Mech Projects bags orders worth Rs 351 crore

In a filing to BSE, the company said that it has "received letter of award/work orders for....civil and architectural works of all buildings structures and associated works... for 2x660 mw Maitree Rampal Project, Bangladesh... for a total contract price of Rs 211 crore awarded by BHEL."

S&P BSE Utlities | 2019 return: -9.42 percent | Price as on 31 Dec 2018: Rs 1946.60 | Price as on 13 Dec 2019: Rs 1763.28
S&P BSE Utlities | 2019 return: -9.42 percent | Price as on 31 Dec 2018: Rs 1946.60 | Price as on 13 Dec 2019: Rs 1763.28
 
 
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Power Mech Projects on Wednesday announced that it has bagged orders worth Rs 351 crore from state-owned Bharat Heavy Electricals Limited (BHEL) and Jaiprakash Power Ventures.

In a filing to BSE, the company said that it has "received letter of award/work orders for....civil and architectural works of all buildings structures and associated works... for 2x660 mw Maitree Rampal Project, Bangladesh... for a total contract price of Rs 211 crore awarded by BHEL."

The project is to be completed in 20 months, the filing said.

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The company said that it has also received work order for operation and maintenance services for 1320 mw Jaypee Nigrie Super Thermal Power Plant at Nigrie, Madhya Pradesh, for a period of five years for a total contract price of Rs 140 crore awarded by Jaiprakash Power Ventures.

The shares of Power Mech Projects were trading at Rs 729.60 apiece on BSE in morning trade, up 1.62 percent from the previous close.

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First Published on Jan 22, 2020 11:58 am