[ad_1]
The company’s domestic customers include Adani, BHEL, L&T, Vedanta, Tata Power, NTPC, CCL, etc., while foreign customers are Mitsubishi, Siemens, L&T Power, Hyundai, etc.
Shares of the Power Mech project are on the fast track. The company’s shares have increased more than 175 percent in less than 6 months. From 835.35 rupees on 22 June 2022 to 2,354 rupees on 2 December 2022, the bill fell like a rocket!
On Friday, shares of Power Mech Project rose 4.34 percent to record a new 52-week high of Rs 2,354 on the NSE.
Power Mech Projects Limited, established in 1999, is an engineering and construction company that provides integrated services in the construction, testing and specification (ETC) of boilers, turbines and generators and balance of plants (BOP), civil works and operation and maintenance (O&M. ). The company has undertaken large scale power projects, peak thermal power projects and major power projects.
The company’s domestic customers include Adani, BHEL, L&T, Vedanta, Tata Power, NTPC, CCL, etc., while foreign customers are Mitsubishi, Siemens, L&T Power, Hyundai, etc. In October, the company’s joint venture with RITES had a value order. Rs 499.41 crore from Bangalore Metro Rail Corporation (BMRCL).
In the exchange document, the project has been awarded to RITES- PMPL and the order is for the construction of Depot cum workshop at Challaghatta in Reach-2 Extension of Bangalore Metro Rail Project, Phase 2.
Investors should watch out for this buzzing infra stock that is gaining traction in the market!
[ad_2]
Source link
