Shares of Power Mech Projects Ltd skyrocketed 17% on Monday, 24 March, after the company announced securing an order worth Rs 579 crore from BHEL.
In its regulatory filing, the company said that they had secured an order from Bharat Heavy Electricals Ltd (BHEL) for civil structural and architectural works, which has to be completed in a period of 32 months from the date of receipt.
On 25 February 2025, Power Mech announced that it had secured a Rs 164.63 crore contract from BHEL for the DVC Koderma TPS Phase-II-EPC project (2 × 800 MW). The scope includes design, engineering, main supply, mandatory spares, civil works, and erection & commissioning (E&C). The project is to be completed within 30 months from the issuance of the Letter of Award.
Additionally, Power Mech’s management is actively pursuing tenders to meet its Rs 3,000 crore target in new orders by March 2025. The company has also emerged as the L1 bidder for the 49 km Deoghar Bypass Highway project in Jharkhand, valued at Rs 973 crore under the hybrid annuity model (HAM).
As a leading engineering and construction firm, Power Mech specializes in the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with balance of plant (BOP), civil works, and operation & maintenance (O&M). The company undertakes projects of various scales and complexities across India and abroad, including:
- Ultra-mega power projects
- Supercritical and subcritical thermal power projects
- Heat recovery and waste heat recovery steam generators
- Circulating fluidized bed combustion steam generators
- Gas turbine generators and hydroelectric plants
- Renovation, modernization, and annual maintenance of operational plants
- Comprehensive civil works in domestic and international markets
At 3:30 pm, the shares of Power Mech were trading 16.43% higher at Rs 2,525.10 on NSE.
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