The shares of a prominent infrastructure company jumped 2 percent in today’s trading session after the company secured a significant work order from Bihar State Power Generation Company Limited worth Rs 159 crore.
With a market capitalization of Rs 10,103.78 crore, the shares of Power Mech Projects Ltd were trading at Rs 3,199.00 per share, increasing around 1.30 percent as compared to the previous closing price of Rs 3,157.95 apiece.
The shares of Power Mech Projects have seen bullish movement after winning a major Rs 159 crore contract from Bihar State Power Generation Company. The order involves setting up grid-connected distributed solar power plants under the PM-KUSUM Component C2 scheme to solarise agricultural feeders. Executed in RESCO mode, this initiative boosts the company’s renewable energy portfolio while supporting Bihar’s green energy transition.
Moreover, these projects are to be developed at various power sub-stations in the state of Bihar with a cumulative capacity of 13.66 MW (AC) and the total estimated revenue to be generated over a period of 25 years Power Purchase Agreement(s) (PPA)
Looking forward to the company’s financial performance, revenue increased by 42 percent from Rs 1,302 crore in Q4FY24 to Rs 1,853 crore in Q4FY25. Further, during the same time frame, net profit increased by 55 percent from Rs 84 crore to Rs 130 crore.
Power Mech showcases vast infrastructure expertise with over 28.98 lakh MT in erection works, 69,966 MW in power capacity addition, and major overseas projects. Achievements include 71,537 MW in O&M, 25.92 lakh m³ concrete work, 546 km gas pipeline, and electrification, fabrication, and GIS substation work across India and abroad.
Power Mech Projects has an impressive order book of Rs. 53,994 crore, 165 ongoing projects, and a FY25 revenue of 5,279 crore, it boasts consistent growth, strategic global expansion, marquee clients, and robust O&M capabilities, backed by a skilled 11,370-strong workforce.
Power Mech Projects Limited offers integrated services for boiler, turbine, and generator installation, testing, and commissioning (ETC), as well as balance of plant (BOP), civil works, and operation and maintenance. The company works in the construction and maintenance activities category.
Written by Abhishek Singh
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