The projects has been given by a subsidiary of Coal India, aggregating to Rs 9,294 crore over the contract period
On Thursday, HDFC MF purchased 130,000 shares, representing 0.88 per cent stake, in Power Mech Projects for Rs 8.22 crore
Power Mech Projects on Wednesday said it has bagged four different orders worth Rs 1,068.36 crore. The company has received the Letters of Award for the works worth Rs 1,068.36 crore, a regulatory filing said. The first two orders are worth Rs 449 crore each and are regarding water supply pipeline construction from the State Water & Sanitation Mission, Government of Uttar Pradesh. It has also got an order of Rs 100.36 crore for Operation and Maintenance Works from Prayagyraj Power Generation Company Ltd, in Bara, Uttar Pradesh. Another order worth Rs 70 crore is for the operation of Wagon Trippler and Truck Tripplers for Tata Steel Bhushan Steel Ltd in Angul, Odisha.
The stock rallied 10% to Rs 797 on the BSE in noon deal trade after the company received orders worth Rs 357 crore for infrastructure development work at Andhra Pradesh Medtech Zone Limited.