Power Mech Projects advanced 2.17% to Rs 2562.65 after the company announced that it has secured an order worth Rs 186 crore from Jaiprakash Power Ventures (JPVL).
The project entails providing field operation and maintenance services for the 2 x 660 MW Jaypee Nigrie Super Thermal Power Plant located in Nigrie, Madhya Pradesh, over a five-year period starting from 1 January 2025 to 31 December 2029.The project value for the first year will be Rs 3.10 crore per month. Thereafter, a monthly price escalation based on the wholesale price index (WPI) will be applicable for the remaining period of 48 months, from 1 January 2026 to 31 December 2029.
Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
The company reported a 35.60% jump in consolidated net profit to Rs 69.51 crore on a 11.04% increase in revenue from operations to Rs 1,035.49 crore in Q2 FY25 over Q2 FY24.
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