{"id":119831,"date":"2024-02-27T11:44:45","date_gmt":"2024-02-27T06:14:45","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119831"},"modified":"2024-02-27T12:07:24","modified_gmt":"2024-02-27T06:37:24","slug":"stock-jumps-4-after-receiving-order-worth-396-25-cr-from-from-south-east-central-railway","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-4-after-receiving-order-worth-396-25-cr-from-from-south-east-central-railway\/","title":{"rendered":"Stock jumps 4% after receiving order worth \u20b9 396.25 Cr from from South East Central Railway"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2839154146\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the leading infrastructure-construction Companies gained up to 4 percent after the company received a work order for civil construction and electrical work worth Rs 396.25 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3829165492\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 8,317.85 crore, the shares of Power Mech Projects Ltd were trading at Rs 5,261.75 per share, increasing around 1.03 percent as compared to the previous closing of Rs 5,208.05 apiece.&nbsp;<\/p><p>As per the exchange filing, Power Mech Projects Ltd received a work order from South East Central Railway for the construction of an electrified 4th Railway BG Line between Dadhapara SelahaDagori &amp; Nipania- Bhatapara-Hathbandh stations in the state of Chhattisgarh worth Rs 396.25 crore.&nbsp;<\/p><p>Looking into the company&#8217;s financial, Power Mech Projects Ltd\u2019s revenue increased by 22 percent from Rs 909 Crore in Q3FY23 to 1,108 Crore in Q3FY24. During the same period, net profits increased by 21 percent from Rs 51 crore to Rs 62 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-771367228\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As of December 2023, Power Mech Projects Ltd accomplished 15 lakh sq. ft. of infrastructure development work in Vizag, AP, and 2.37 lakh MT of structural fabrication in one year. The firm has a total capacity of 68,375MW for O&amp;M and AMC, including 6,792 MW commissioned in the power industry in overseas markets.&nbsp;<\/p><p>Steel Authority of India Limited granted the organization a Rs 30,438 Crore Mining Development and Operation Project for the Tasra Opencast Project in Jharkhand. The project aims to extract coking coal. The contract lasts 28 years, with a two-year development period.&nbsp;<\/p><p>The company has 68,646 MW Capacity addition of Boiler, Turbine, Generator, and Balance of Plant and Commissioned 711 TKM overhead Electrification works.&nbsp;<\/p><p>As of November 13, 2023, Power Mech Projects Ltd has an order book of Rs 57,328 crore which includes 165 ongoing projects, 23 overseas projects, and 77 Amc projects.&nbsp;<\/p><p>Power Mech Projects Limited is an engineering and construction business that offers integrated services in boiler, turbine, and generator installation, testing, and commissioning (ETC), balance of plant (BOP), civil works, and operation and maintenance (O&amp;M).&nbsp;<\/p><p><strong>Written by:- Abhishek Singh<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1797348780\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2710893232\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the leading infrastructure-construction Companies gained up to 4 percent after the company received a work order for civil construction and electrical work worth Rs 396.25 crore.&nbsp; With a market capitalization of Rs 8,317.85 crore, the shares of Power Mech Projects Ltd were trading at Rs 5,261.75 per share, increasing around 1.03 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-119831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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