Power Mech Projects

What drove Power Mech Projects stock price 6% higher on August 23?

The uptick in share price came after the board of the company fixed September 28 as the 'Record Date' to determine the eligibility of shareholders who are entitled for receipt of Bonus shares.

Power Mech stock price gains 7% on Rs 114 crore-order win; details here

The rise in the share price came after the company announced that it has secured an order worth Rs 114.30 crore from Coastal Energen Private Limited.

Power Mech Projects shares gain 10% post block deal worth Rs 131 cr

Power Mech Projects stock price zoomed 9.68 per cent at Rs 5379.95 per share on the BSE in Thursday's intraday trade

Power Mech Projects bags orders worth Rs 232 cr for coal, thermal plants

Power Mech Projects has bagged orders worth Rs 232.03 crore, including building of power house and balance of plant at a thermal project and coal handling plant. The company received orders under three packages worth Rs 122.89 crore from state-owned engineering firm BHEL in various packages, the company said in a BSE filing. Package A includes erection of power house Unit 1 & 2 and other buildings at 2x660 MW NTPC Talcher, Odisha. Package B includes erection of ash handling plant structure, and tank fabrication at the NTPC Talcher plant. Package C includes erection of coal handling plant structure at the plant. The other order of Rs 52.74 crore includes balance civil and architectural works of superstructure of power house, bunker area and balance works in other areas of main plant of Yadadri TPS (thermal power station) Unit 4 & 5 -- Rs 52.74 crore. Another order of Rs 56.40 crore includes mechanical structure erection works at PP2 and Balance Quantity of Coke Oven Projects ...

Power Mech Projects Q3 results: Net profit rises 22% to Rs 62 crore

Power Mech Projects Ltd on Tuesday posted a 22.5 per cent rise in consolidated net profit to Rs 62 crore for the quarter ended December 2023, aided by higher income. It had reported a net profit of Rs 50.6 crore in the October-December period of the preceding financial year, the company said in an exchange filing. Its total income rose to Rs 1,114.9 crore from Rs 912 crore a year ago. Expenses stood at Rs 1,008.2 crore against Rs 840.9 crore in the third quarter of the last fiscal. Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies providing a spectrum of services in the power and infrastructure sectors.

Power Mech Projects bags Rs 825 crore construction order from Mahan Energen

Infrastructure company Power Mech Projects has bagged an order worth Rs 825 crore for civil and mechanical construction works for 2x800 MW (Phase II) of Mahan Ultra Supercritical Thermal Project at Singrauli in Madhya Pradesh, according to a regulatory filing. Various packages under this order will be completed over a period of 22-33 months, it stated. "Civil and mechanical construction works for 2x800 MW (Phase-II) Mahan Ultra Supercritical Thermal Power Project, Village Bandhua, District Singrauli, Madhya Pradesh from Mahan Energen Ltd for Rs 825 crore," the filing said.

Power Mech Projects bags Rs 355 cr order from BHEL for trial operations

Power Mech Projects on Tuesday said it has bagged a Rs 355 crore order from state-owned Bharat Heavy Electricals Limited (BHEL). The scope of work includes erection, commissioning and trial operation including application of lining/insulation, Power Mech Projects said in a regulatory filing. It also includes handing over of boiler and its auxiliaries, power cycle piping, steam turbine generator of unit I and II at 2X660 MW NTPC, Talcher, Odisha, it said. Based in Hyderabad, Power Mech Projects is one among the leading infrastructure-construction companies with global presence.

SAIL awards Rs 30,483 crore mine development project to Power Mech

Power Mech Projects has been awarded a mine development and operation (MDO) project of Rs 30,438 crore by state-owned steel maker SAIL. "This project is being awarded to a consortium of Power Mech Projects Ltd (PMPL) - PC Patel Infra Pvt Ltd for development and operation of Tasra opencast project, located at Jharia Coal fields in Dhanbad district of Jharkhand," a regulatory filing said on Monday. PMPL is the consortium leader with 74 per cent equity stake and while PC Patel Infra has 26 per cent stake. The duration of the contract is 28 years which includes 2 years of development period. The MDO contract will primarily comprise mine infrastructure development, removal of overburden and extraction of coking coal, crushing, transportation, setting up of coal washery of 3.5 MTPA capacity. Besides, it will supply steel grade coking coal to SAIL and carry out other activities incidental to mining as per the project document. The project has total coal extraction reserves of 96.78 MT .

Power Mech zooms 20% on securing mega mine development contract from SAIL

The company has bagged a Mine Development and Operation (MD) project for an estimated value of Rs 30,438 crore from SAIL, and the duration of the contract is 28 years.

Power Mech surges 8%, hits record high on winning orders worth Rs 720 crore

The stock price of PMPL has appreciated by 70 per cent from a level of Rs 1,571 touched on February 3 on the BSE

Power Mech announces new projects worth Rs 720 cr across various states

Power Mech Projects Ltd on Friday announced bagging various projects worth Rs 720 crore. A project worth Rs 362 crore was secured in Uttarakhand for the construction of a government medical college and hospital for Uttarakhand Pey Jal Nigam Ltd, Power Mech Projects said in a regulatory filing. Another order worth "Rs 162 crore is under Revamped Distribution Sector Scheme for MPPKWCL, Khargone Circle, Indore in Madhya Pradesh, and railway electrification of 25 KV OHE Works, Mysuru Division, Karnataka," the company said. A project worth Rs 106 crore has been awarded by steel company JSPL for balance erection works and refurbishment of 2X525 MW Monnet Ispat in Odisha. In West Bengal and Gujarat, the company has won several projects totalling Rs 90 crore.

Power Mech Projects Dec quarter net profit rises 54% to Rs 50 crore

Power Mech Projects on Tuesday posted over 54 per cent rise in its consolidated net profit at Rs 50.61 crore in December quarter compared to a year ago. The consolidated net profit of the company was Rs 32.75 crore in the quarter ended on December 31, 2021, showed a BSE filing. Total income also rose to Rs 912.05 crore in the quarter from Rs 649.97 crore in the same period a year ago.

Power Mech gets orders over Rs 1,034 crore from Adani Group, others

Power Mech Projects (Power Mech) on Monday said it has bagged three projects, including one from the Adani Group, totalling Rs 1,034.13 crore. In a regulatory filing, the company said it has received service order/letters of award (LOA) worth Rs 1,034.13 crore. A service order for execution of retrofitting of flue gas desulphurisation (FGD) system is from the Adani Group for its thermal power plants located at Mahan (Madhya Pradesh), Raigarh and Raipur in Chhattisgarh, Power Mech said. The order from the Adani Group is of Rs 608 crore, it said. Another order of Rs 306.60 crore is for setting up of a wagon repair workshop at Kazipet, Telangana. This project has been awarded to Power Mech-Taikisha, its joint venture company with Taikisha Engineering India Private Limited. The third project of Rs 119.53 crore is for providing technical expert, rotary technicians operation and maintenance services at Dangote Petroleum Refinery and Petrochemicals Project, Lagos, Nigeria. The contract

Stocks to watch: Infosys, Mindtree, Bajaj Auto, Shree Cement, Power Mech

Stocks to watch today: Bajaj Auto & Shree Cement will post September quarter (Q2FY23) results on Friday, October 14; Infosys posted 11 per cent YoY rise in consolidated net profit to Rs 6,021 cr in Q2

Power Mech-RITES joint venture bags Rs 499.41 cr order from BMRCL

Power Mech Projects Ltd on Thursday said its joint venture with RITES has received an order worth Rs 499.41 crore from the Bangalore Metro Rail Corporation Ltd (BMRCL). The project has been awarded to RITES- PMPL. According to a regulatory filing, the order is for construction of Depot cum workshop at Challaghatta in Reach-2 Extension of Bangalore Metro Rail Project, Phase-2. "The company has received a Letter of Award (LoA) worth Rs 499.41 crore from Bangalore Metro Rail Corporation Ltd (SMRCL)," the filing said.

Power Mech up 4% in a weak mkt; soars 54% in 1-mnth on strong order book

In the past three months, the stock soared 133 per cent, as against 7 per cent rise in the Sensex.

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.

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

Central Coalfields awards Rs 9,294 crore mining project to Power Mech

Coal ministry, along with Coal India Ltd and Neyveli Lignite Corp, is offering 60 projects worth Rs 41,042 crore for private investment.

Power Mech bags Rs 9,294 crore contract from Central Coalfields

Power Mech Projects Ltd on Monday said it has bagged a Rs 9,294 crore contract from Coal India arm CCL to develop and operate a mine. The project has been awarded to a consortium of Power Mech and AMR India Ltd. Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26 per cent stake. "Power Mech...has been awarded a Mine Development & Operation (MDO) project from Central Coalfields Ltd (CCL), a subsidiary of Coal India Ltd, aggregating to Rs 9,294 crore over the contract period," Power Mech said in a statement. The contract will comprise mine infrastructure development, removal of overburden and extraction of coking coal, processing, crushing and transportation of coal up to washery of CCL, carrying out R&R activities and any other activities incidental to mining as per the project document at Kotre Basantpur Pachmo OCP located in Ramgarh and Bokaro districts of Jharkhand. The project has total coal extraction capacity of 105 million tonne .