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Power Mech hits new high on order win from Adani Group; soars 52% in 1 mth

The company said it has bagged an order worth Rs 6,163.2 crore for five flue gas desulphurization [FGD] projects from the Adani Group.

Flue gas desulfurization (FGD) system
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Flue gas desulfurization (FGD) system

SI Reporter Mumbai
Shares of Power Mech Projects (PMPL) hit a new high of Rs 1,298.55 after rallying 10 per cent on the BSE in Friday’s intra-day trade.

The stock of the Hyderabad based construction and services firm has gained 12 per cent in the past two days after the company said it has bagged an order worth Rs 6,163.2 crore for five flue gas desulphurization [FGD] projects from the Adani Group.

At 11:26 am; PMPL was trading 7 per cent higher at Rs 1,267 as compared to a 0.63 per cent decline in the S&P BSE Sensex. In the past one

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First Published: Aug 19 2022 | 11:49 AM IST

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