Power Mech Projects Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

Power Mech Projects announced the revised value for the tender for the construction of the Government Medical College & Hospital for Uttarakhand Pey Jal Nigam (UKPJNL), Uttarakhand. The value of the work order has increased from Rs 362 crore to Rs 593.99 crore.

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Power Mech Projects has received an order worth Rs.209.50 crore for operation and maintenance of 3X91.5 MW CPP at Hindustan Zinc, Chanderiya, Chittorgarh for a period of 04 years.

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The contract is for civil, structural, and architectural works of TURBINE ISLAND package of 2 x 700 MWe, PHWR, Kaiga Atomic Power Project (Units 5 and 6) in Uttar Kannada district, Karnataka.

The scope of work includes number of segments covering civil, electrical, and structural works like TG building, foundation for all equipment, chemical lab, storage tanks, peripheral drains, sewage network, storm water drains, culverts, plinth protection, pipes and cable bay, condenser cooling water pipes, plumbing and sanitary works, etc.

Sajja Kishore Babu, chairman and managing director, said: This historic accomplishment is a testament to PMPL's proven credibility and continuous track record in managing complex projects, and its ability to meet the stringent quality and safety requirements in the nuclear power industry.

In securing this project, another door opens for PMPL to further its establishment in the nuclear power sector and contribute to the nation's growing sustainable energy needs.”

Power Mech Projects is an engineering and construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M).

The company's consolidated net profit rose 21.53% to Rs 61.52 crore on 21.82% increase in revenue from operations to Rs 1,107.50 crore in Q3 FY24 over Q3 FY23.

The scrip rose 1.84% to end at Rs 4795.45 on the BSE today.

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Power Mech Projects has received an order worth Rs 563.23 crore for civil structural and architectural works of turbine island package of 2X700 MWe PHWR (Pressurized Heavy Water Reactors) Kaiga Atomic Power Project from SHEL PSSR (Power Sector Southern Region). The order is placed by Bharat Heavy Electricals.

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