Power Mech Projects gets order amounting to Rs 624 crore
DSIJ Intelligence / 04 Jul 2017
Power Mech Projects, a construction and Engineering player has bagged orders amounting to Rs 624 crores.
GTA Power Mech Nigeria Ltd., 50% JV of Power Mech Projects Ltd has received an order for composite work tender Unit-V for Dangote Oil Refining Company Ltd, Lagos, Nigeria for a total contract price of approximately Rs 491 crore.
Meanwhile, the stock traded in positive territory gaining nearly 2% at Rs 596.75 per share on BSE on Tuesday’s trade.
Mas Power Mech Arabia LLC, 51% subsidiary of Power Mech Projects Ltd has received an order for installation works of HRSG, centreline (STG& GTG) 1,2 & 3 for 1800MW ALBA PS5CCPP, Kingdom of Bahrain, for a total contract price of approximately Rs 133 crores.
On NSE, the stock attracted a traded volume of 5,427 shares and a traded value of Rs 32.44 lakhs.
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