Power Mech bags 2 orders worth Rs 1.3K cr from Andhra Pradesh

Power Mech Projects said today that it has bagged two orders worth Rs 1,385.49 crore from the Andhra Pradesh government.

The company said in a BSE filing that it got an order to provide infrastructure including additional class rooms and electrical facilities in all government Schools, KGBVs and Bhavitha buildings in Srikakulam, Vizianagaram & Visakhapatnam districts, on Hybrid Annuity Mode (HAM).

The project cost is Rs 872.71 crore, under the Sarva Siksha Abhiyan.

The project would be completed within 24 months. The operations period is for five years from the date of completion of the construction.

The company said that it has received a similar order for Krishna and Guntur districts at project cost of Rs 512.78 crore.