Power Mech Projects rose 3.7% to Rs 560 after the EPC company received letters of award for orders worth Rs 734 crore.
The company received a Rs 401 crore order from Vedanta for operating & maintaining of boilers & auxiliaries, TG & auxiliaries, DM plant, electrical, filed operations and other miscellaneous jobs of 4 x 660 MW, thermal power plant at Jharsuguda, Odisha.It bagged EPC work order worth Rs 198 crore from Kurmitar Iron Ore Mining for design & engineering, supply, installation, commissioning and PGT of 9 MTPA ore handling package at primary area in Odisha.
The company won an all civil, architectural and structural work order worth Rs 135 crore for main plant for 2X660 MW Khurja STPP (turbine generator and associated packages) from BHEL at Khurja, Uttar Pradesh.
Power Mech Projects operates as an engineering and construction company, which provides erection, testing and commissioning (ETC), civil and operation and maintenance services for power projects.
On a consolidated basis, the company's net profit declined 91% to Rs 3.15 crore on a 6.8% fall in net sales to Rs 508.49 crore in Q3 FY21 over Q3 FY20.
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