Announced Fri, 14 Aug · 15:40 IST
DMR Engineering wins Rs 1.66 Cr PMA contract for 1500MW Tarali pumped storage project
Price
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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹25.01
prior close
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base price
After-mkt
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AI summary
DMR Engineering has received a letter of award for Project Management Consultancy for the 1500MW Tarali Pumped Storage Project in Maharashtra belonging to Adani Renewable Energy One Limited. The 8-year contract is worth Rs 1.66 Crore inclusive of GST. The award was issued via Power Finance Corporation Limited, a central government PSU. Scope covers engineering consultancy services. No related party interest.
Likely market impact
Modest order size adds steady revenue visibility over 8 years. Credibility boost from tie-up with Adani and PFC. No related-party concerns flagged.