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Bloomberg Quint

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Power Mech Projects Wins Orders Worth Rs 550 Crore

  • 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.

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