Introduction:
Infra stock has secured a ₹510 Crore order (excluding GST) from Adani Power for critical mechanical construction works at the 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project in Chhattisgarh, contributing to the region’s energy expansion.
Share Price movement of Power Mech Projects Ltd:
On November 29, 2024, Power Mech Projects Ltd (NSE: POWERMECH) opened at ₹2,800.00, hitting an intraday high of ₹2,864.90 and a low of ₹2,761.15. The stock closed at ₹2,835.00, reflecting a 2.03% increase with a market cap of ₹8,974.92 crore.
Power Mech Projects Ltd Receives order:
Power Mech Projects Limited has secured a significant order worth ₹510 Crores (excluding GST) from Adani Power Limited. This order pertains to mechanical construction works for the 2×800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project, located at Raikheda village in Chhattisgarh.
The scope of the project involves critical mechanical construction works, which will be part of Adani Power’s ongoing efforts to expand their thermal power capabilities. The project aims to further enhance power generation capacity, contributing to the growing energy needs of the region.
In accordance with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/ CIR/P/ 2023/120, the company has provided all necessary details in the enclosed Annexure-I for transparency. This update is intended for public information and wide dissemination.
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Recent news About Power Mech Projects Ltd:
On November 29, 2024, Power Mech Projects Ltd reported the successful execution of a large-scale project for a new power plant in Maharashtra. This milestone further solidifies the company’s position as a key player in the infrastructure and energy sectors.
Stock performance of Power Mech Projects Ltd for Period of 1 week, 6 months and 1 year:
Power Mech Projects Limited has shown strong performance across various periods. Over the past week, the stock has gained 12.3%. Over the last six months, it recorded a return of 22.4%, and over the past year, the stock has delivered an impressive return of 36.1%.
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Shareholding pattern of Power Mech Projects Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 58.28 | 58.29 | 60.38 |
| FII | 4.98 | 5.24 | 4.98 |
| DII | 23.24 | 21.65 | 19.44 |
| Retail & others | 13.5 | 14.82 | 15.19 |
About Power Mech Projects Ltd:
Power Mech Projects Ltd is a leading infrastructure company specializing in mechanical, electrical, and civil works for power, industrial, and infrastructure projects. With expertise in critical project execution, it has a strong presence in the power generation and construction sectors.
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.
