Power Mech zooms 33% in 4 days after order win from Central Coalfield

Non-power sector is the key for charting the company's growth in view of huge investments planned as part of National Infrastructure Pipeline (NIP) worth Rs 111 trillion in the next 5 to 6 years

Shares of Power Mech Projects zoomed 18 per cent to hit a fresh 52-week high of Rs 886.15 on the BSE in intra-day trade on Monday, thus surging 33 per cent in the past four trading days after order win from Central Coalfield. The stock of the construction & engineering company had hit a record high of Rs 1,164 on May 29, 2019.

The company, on Monday, June 28, 2021, said it has won a mine development & operation (MOO) project from Central Coalfields Limited (CCL), a subsidiary of Coal India, aggregating to Rs 9,294 crore over the contract