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Power Mech Projects Took Orders Worth Rs 412 Crore

Equity_Pandit

Power Mech Projects said it has bagged two orders worth Rs 412 crore in the domestic market. 
The company has received a letter of intent/work order for civil, structural and architectural works for main plant area at 1×660 megawatt (MW) Bhusawal Thermal Power Station, Maharashtra for around Rs 285.50 crore to be completed within a period of 40 months, the company said in a BSE filing.
The company said it has also secured a Rs 126.5 crore contract for a project at Vijaynagar, Bellary, Karnataka which is scheduled to be completed within a period of 12 months. 
Read EquityPandit’s Technical Analysis on Nifty Energy
Shares of Power Mech Projects were trading 1.64 percent higher at Rs 1,013.95 apiece on BSE.  

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