{"id":130329,"date":"2024-08-06T11:05:17","date_gmt":"2024-08-06T05:35:17","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=130329"},"modified":"2024-08-06T12:02:54","modified_gmt":"2024-08-06T06:32:54","slug":"stock-jumps-after-receiving-order-worth-110-57-cr-for-power-plant-in-nigeria","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-after-receiving-order-worth-110-57-cr-for-power-plant-in-nigeria\/","title":{"rendered":"Stock jumps after receiving work order worth \u20b9 110.57 Cr for power plant in Nigeria"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2456949611\"><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 stock jumped 4 percent after the company received a significant work order from Dangote Petroleum Refinery &amp; Petrochemical FZE worth Rs 110.57 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1145369495\"><!-- 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 9,298.35 crore, the shares of <strong>Power Mech Projects Ltd<\/strong> were trading at Rs 5,882.00 per share, increasing around 2.54 percent as compared to the previous closing price of Rs 5,736.25 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for Rise:-&nbsp;<\/strong><\/h2><p>Today, the company shares have seen bullish movement after Power Mech Projects Ltd received a significant work order from Dangote Petroleum Refinery &amp; Petrochemical FZE worth Rs 110.57 crore for the operation and maintenance of 400 MW captive power plant and utilities of Petroleum Oil Refinery at Dangote, Nigeria.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance:-&nbsp;<\/strong><\/h2><p>Power Mech Projects Ltd has also announced its financial earnings for Q1FY25, revenue zoomed by 10 percent from Rs 1,174 crore in Q1FY24 to Rs1,302 crore in Q1FY25, and during the same period, the company\u2019s net profit magnified by 12 percent from Rs 75 crore to Rs 84 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-331769085\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Order Book &amp; recent order book:-&nbsp;<\/strong><\/h2><p>As of March 2024, the company has a robust order book of Rs 57,053 crore, including 153 total ongoing projects, 24 Overseas projects, and 69 O&amp;M\/ AMC projects (domestic). The orders were received from different sectors like Industrial plants, Railways &amp; Metro, Roads, Water, and Mining.&nbsp;<\/p><p>Power Mech Projects Ltd has secured significant contracts approaching Q1 FY25, including an Rs. 658.57 crore order for the Upper Burhner Project Dam, an Rs. 825 crore contract for Mahan Energen Ltd&#8217;s 2&#215;800 MW project, and additional orders worth Rs. 232 crores.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:-&nbsp;<\/strong><\/h2><p>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.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-2679940225\"><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 stock jumped 4 percent after the company received a significant work order from Dangote Petroleum Refinery &amp; Petrochemical FZE worth Rs 110.57 crore.&nbsp; With a market capitalization of Rs 9,298.35 crore, the shares of Power Mech Projects Ltd were trading at Rs 5,882.00 per share, increasing around 2.54 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"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":[4865,31,13525],"tags":[],"class_list":["post-130329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","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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