Power Mech Projects share price down marginally in the opening trade on October 16 following the company received a work order from Bharat Heavy Electricals (BHEL) of Rs 2500 crore.
At 09:29am, Power Mech Projects was quoting at Rs 2,775.70, down Rs 4.20, or 0.15 percent, on the BSE.
".... has been awarded balance of plant package on EPC basis for 1 x 800 MW Singareni TPS, Stage-II, by Bharat Heavy Electricals for a value over Rs 2500 crores excl. GST," company said in its release.
The scope of work under the contract includes engineering, procurement & construction of coal and biomass handling system, ash handling system, utilities, induced draft cooling tower (IDCT), water and wastewater treatment plant, fire protection system associated civil & structural works and electrical, C&I.
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In the month of August, the company secured RS 370.84 croreorder from Mahan Energen, subsidiary of Adani Power, for execution of civil works and erection of prefabricated structural steel for BTG unit 1 & 2 for Mahan Phase-III (2 x 800 MW), Mahan Energen Limited, Singrauli, Madhya Pradesh.
In the previous trading session, the share closed at Rs 2,779.90, down Rs 43.45, or 1.54 percent.
The share touched a 52-week high of Rs 3,415.45 and a 52-week low of Rs 1,698.85 on 10 July, 2025 and 03 March, 2025, respectively.
Currently, the stock is trading 18.73 percent below its 52-week high and 63.39 percent above its 52-week low.
The market capitalisation of the company stands at Rs 8,775.73 crore.
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