Hot Pursuit
Power Mech Projects Ltd. is currently trading at Rs 2435.0, up 0.82%, while the stock has declined 0.20% over the last one week.
Power Mech Projects Limited announced it has secured an order from Vedanta Power Limited for an operations and maintenance contract at Vedanta Power’s Sakti Thermal Plant in Chhattisgarh. The contract, awarded by a domestic entity, encompasses end-to-end operations and maintenance services for a 2x600 MW coal-based thermal power plant and is valued at Rs 970 Crores (Rs 890 Crore basic value plus Rs 80 Crore for additional services, excluding GST), with an execution period of 60 months from the date of the order confirmation.
Trading volume totaled 18618 shares today, a decrease of 29.88% from the one-week average volume. Power Mech Projects Ltd. fell by 20.63% year-over-year, underperforming the 4.59% loss registered by the NIFTY50 index.