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Last Updated : Sep 26, 2019 11:29 AM IST | Source: Moneycontrol.com

Power Mech Projects rises 3% after bagging orders worth Rs 115 crore

The company has received letter of intent and work order for projects amounting to Rs 115 crore.

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Power Mech Projects rose 3 percent intraday on September 26 after winning orders worth Rs 115 crore.

It bagged a Rs 62-crore operation and maintenance services contract for two 600 MW units at coal-based Singareni Thermal Power Plant in Telangana .

The company also bagged a Rs 13-crore contract for electrical and C&I maintenance at NTPC Khargone (2x660 MW) for a period of 36 months.

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The other contracts include maintenance of boiler and auxiliaries and BOP at NTPC Khargone of Rs 13 crore and a long-term manitaining job at Meja Thermal Power Plant, which will earn the company Rs 27 crore.

At 11:05 hours, Power Mech Projects was quoting at Rs 765.70, up Rs 11.60, or 1.54 percent, on the BSE.

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First Published on Sep 26, 2019 11:29 am
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