Power Mech shares rises amid bagging civil work order from BHEL worth Rs 579 crore
Among other things, the contract covers construction of foundations, levelling and grading of the power block area, service buildings, ventilation systems, fire protection systems, and fencing.
For civil, structural, and architectural works at the 2x800MW DVC Koderma Thermal Power Station (KTPS) Phase-II in Jharkhand, Power Mech Projects Ltd has contracted Bharat Heavy Electricals Limited (BHEL) for a Rs 549 crore (excluding GST).
Among other things, the contract covers construction of foundations, levelling and grading of the power block area, service buildings, ventilation systems, fire protection systems, and fencing. From the date of the Letter of Award (LOA), the project's execution schedule calls for 32 months.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
In the regulatory filing, the company said, we are delighted to announce that our company has secured a Rs 579 Crore (excluding GST) order from Bharat Heavy Electricals Limited (BHEL) for Civil Structural & Architectural Works.
Capitalising on rising sector demand, Power Mech offers services for power plants and infrastructure projects—including erection, testing, commissioning (ETC), operation and maintenance (O&M), and civil works. On the BSE, Power Mech Projects Ltd's shares ended at Rs 2,179.00, up by Rs 132.50, or 6.47%.
Read Also : RITES Ltd receives work order from Mahanadi Coalfields for Rail Connectivity