Shares of Power Mech Projects Ltd (PMPL) climbed to a 52-week high on Thursday after the company received orders worth more than Rs 6,100 crore from Adani Group. Shares of PMPL were at Rs 1,206.35 at 10.50 am, up 4.33% on the BSE.

The Hyderabad-based company has secured five flue gas desulphurisation (FGD) projects from Adani Group, the company said in an exchange filing.

The order covers 15 FGD retrofits for coal-fired units ranging from 330 MW to 660 MW. The orders, valued at Rs 6,163.2 crore, are based on Complete Engineering, Procurement and Construction (EPC). It is expected to be completed within 30 months and will be implemented at Adani Group’s coal-fired power plants in Mundra, Tiroda, Kawai and Udupi, where PMPL already operates.

PMPL said these FGD units will effectively curb sulphur dioxide emissions with a 92% recovery rate and will play an important role in helping India achieve its ambitious target of reducing emissions intensity announced at the UN Climate Change Conference COP26.

PMPL highlighted in an exchange filing that the company, as a partner of General Electric (India) Ltd, installed India’s first operational FGD in 2018 at the Vindhyachal 500 MW unit.

“The Adani Group is considered a high-value customer for PMPL, working together for over 15 years; providing the group with multiple portfolios including power, infrastructure, plumbing, material handling and more,” said the construction and services firm.