Introduction:
Infra stock secured a significant ₹579 Crore order from Bharat Heavy Electricals Limited for civil, structural, and architectural works at the 2x800MW DVC Koderma Phase-II project, Jharkhand, highlighting robust order inflow and strengthening its presence in the large-scale infrastructure sector.
Share Price movement of Power Mech Projects:
On March 24, 2025, Power Mech Projects Limited opened at ₹2,299.00, reaching a high of ₹2,475.85, up 14.08% from its previous close of ₹2,170.10, with a low of ₹2,245.15. The stock is currently trading at ₹2,462.65, with a market cap of ₹7,785.99 Crores.
Power Mech Projects share price rise:
Power Mech Projects Limited secured a ₹579 Crore order (excluding GST) from Bharat Heavy Electricals Limited for Civil Structural and Architectural Works. The project covers extensive work at 2x800MW DVC Koderma Phase-II, Jharkhand, including levelling, grading, foundations, buildings, solar foundation, and switchyard.
The domestic contract involves executing complex tasks like AC and ventilation ducting, fire protection systems, sewage water lines, pipe racks, labour hutments, and fencing. The project also includes services like service buildings with parking, customer offices, and laying civil structures across critical power block zones and industrial areas.
The project is scheduled for completion within 32 months from the date of the Letter of Award (LOA). The company clarified that no promoter or group entity has any interest in this order, and the transaction does not fall under related party transactions as per SEBI guidelines.
Stock performance of Power Mech Projects for Period of 1 week, 6 months and 1 year:
Power Mech Projects stock gained 6.85% over the past week, showing a short-term positive trend. However, it declined significantly by 34.4% over six months. For the one-year period, the stock recorded a negative return of 8.90%, reflecting overall weak performance.
Shareholding pattern of Power Mech Projects:
| All values in % | Dec -24 | Sept-24 | Jun – 24 |
| Promoters | 58.28 | 58.28 | 58.29 |
| FII | 4.97 | 4.98 | 5.24 |
| DII | 23.38 | 23.24 | 21.65 |
| Retail & others | 13.36 | 13.50 | 14.82 |
About Power Mech Projects:
Power Mech Projects (NSE: POWERMECH) is a leading infrastructure and construction company specializing in power, industrial, and infrastructure sectors. It offers services like civil works, erection, testing, commissioning, and operation maintenance, serving clients across thermal, hydro, and industrial projects in India and abroad.
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.
