Power Mech Projects jumps 4% as company bags Rs 1,009 crore JSW Thermal Energy contract

Power Mech Projects shares rose 4 percent after the company secured a contract worth Rs 1,008.90 crore (inclusive of GST) from JSW Thermal Energy Limited. The order involves executing civil and structural works for the Boiler, Turbine and Generator (BTG) area of a 2x800 MW thermal power project at Salboni, West Bengal, with completion expected within 36 months. The sizeable order strengthens the company's order book and provides revenue visibility over the next three years.