Power Mech Projects Ltd. has secured two orders worth Rs 550 crore, including one from SJVN Thermal Ltd. valued at Rs 498.39 crore for a thermal power project in Bihar.
The second order, worth Rs 52.96 crore, is from Jhabua Power Ltd. for the operation and maintenance of a unit in Madhya Pradesh.
Power Mech Projects specializes in services in the power sector and its stock rose 2.61% following the order announcement.
Analysts have varying views on the company, with one 'buy' rating and two 'hold' ratings, with a consensus price target suggesting a potential downside.