Power stock jumps after it bags order worth ₹164.62 Cr from BHELPower stock jumps after it bags order worth ₹164.62 Cr from BHEL

Introduction:

Leading power company has secured a ₹164.62 crore order from BHEL for the 2 x 800 MW DVC Koderma TPS Phase-II EPC project. The contract includes design, engineering, spares, civil works, erection, and commissioning, further strengthening its position in the sector.

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Share price movement of Power Mech:

On February 25, 2025, Power Mech Projects Ltd opened at ₹1,940.00, up 0.80% from its previous close of ₹1,924.65. The stock hit a high of ₹1,949.80 (1.31%) and a low of ₹1,903.00. By 2:19 PM, it traded at ₹1,914.90 with a market cap of ₹6,054.20 crore.

Power Mech Secures ₹164.62 Crore Order from BHEL for DVC Koderma Project:

Power Mech Projects Limited has secured a ₹164.62 crore order from Bharat Heavy Electricals Limited (BHEL) for the 2 x 800 MW DVC Koderma TPS Phase-II EPC project. The contract includes design, engineering, mandatory spares, civil works, erection, and commissioning.

The order, awarded by a domestic entity, is set for execution within 30 months from the letter of award (LOA). It strengthens Power Mech’s position in the power infrastructure sector, reinforcing its expertise in executing large-scale projects efficiently. The company expects this project to enhance its growth trajectory.

With no involvement of promoter-related interests or related party transactions, the deal is a significant milestone for Power Mech. The announcement has generated positive market sentiment, reflecting investor confidence in the company’s capabilities and future prospects in the energy sector.

Recent news on Power Mech:

As of February 11, 2025, Power Mech Projects Ltd reported a 20.81% rise in net sales to ₹1,337.97 crore and a 33.35% jump in net profit to ₹82.04 crore. However, its EPS declined, and shares fell 38.91% over six months.

Stock performance of Power Mech for Period of 1 week, 6 months and 1 year:

Power Mech Projects Ltd delivered a 2.62% gain over the past week but faced significant declines, with a 41.4% drop in six months and a 26.1% fall over the past year, reflecting market challenges despite strong revenue and profit growth.

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Shareholding pattern of Power Mech:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	58.30%	58.30%	58.30%
FII	5.00%	4.90%	5%
DII	23%	23%	23%
Public	13.40%	13.70%	13.50%

About Power Mech:

Power Mech Projects Ltd (NSE: POWERMECH), incorporated in 1999, specializes in engineering and construction services, including erection, testing, commissioning, civil works, and O&M. It executes ultra-mega, supercritical, and subcritical power projects, ensuring efficient infrastructure development in the energy sector.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.