Power Mech Projects shares trade lower
POWER & RENEWABLE ENERGY

Power Mech Projects shares trade lower

On August 5, Power Mech Projects experienced a decline in its share price in early trading, despite securing an order worth Rs 1.42 billion. At 09:37am, the company?s shares were priced at Rs 5,984.40, which marked a decrease of Rs 64.55, or 1.07%, on the BSE. The contract, awarded by Meenakshi Energy, involves the revival of Phase II (2 x 350 MW) in Nellore district, Andhra Pradesh, with a completion timeline of 8 months.

Earlier in July, Power Mech Projects had secured another order valued at Rs 2 billion for the operation and maintenance of a 3x91.5 MW captive power plant at Hindustan Zinc Limited in Chanderiya, Chittorgarh, for a duration of 4 years. The share price had previously reached a 52-week high of Rs 6,500 on July 24, 2024, and a 52-week low of Rs 3,342.75 on November 2, 2023. At present, the stock is trading 7.93% below its 52-week high and 79.03% above its 52-week low.

On August 5, Power Mech Projects experienced a decline in its share price in early trading, despite securing an order worth Rs 1.42 billion. At 09:37am, the company?s shares were priced at Rs 5,984.40, which marked a decrease of Rs 64.55, or 1.07%, on the BSE. The contract, awarded by Meenakshi Energy, involves the revival of Phase II (2 x 350 MW) in Nellore district, Andhra Pradesh, with a completion timeline of 8 months. Earlier in July, Power Mech Projects had secured another order valued at Rs 2 billion for the operation and maintenance of a 3x91.5 MW captive power plant at Hindustan Zinc Limited in Chanderiya, Chittorgarh, for a duration of 4 years. The share price had previously reached a 52-week high of Rs 6,500 on July 24, 2024, and a 52-week low of Rs 3,342.75 on November 2, 2023. At present, the stock is trading 7.93% below its 52-week high and 79.03% above its 52-week low.

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Next Story
Infrastructure Energy

ASECOL Launches 50 MW Solar Power Plant in Chitrakoot

ASECOL, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh. The plant has a 25-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) at Rs. 3.07/kWh. This milestone increases AGEL's total renewable energy capacity to 3,520 MW, moving closer to its 25 GW target by 2025. With the successful commissioning of this plant, AGEL’s operational solar generation capacity exceeds 3 GW. The company’s total renewable capacity stands at 15,240 MW, including 11,720 MW under development. The facility..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000