Power Mech bags orders worth over Rs 1,000 Cr from Adani Power units
POWERMECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.5 pts more than Nifty Microcap 250 and 3.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Power Mech Projects has secured large-scale orders totalling over Rs 1,000 Crores (excluding GST) from two subsidiaries of Adani Power Limited. The orders include Rs 515 Cr for 2x800 MW Mirzapur Phase-I and Rs 490 Cr for 2x800 MW Mahan Phase-III ultra supercritical thermal power projects. Scope covers erection, testing, commissioning and manpower assistance over 36 months.
Major order win boosts order book significantly; positive for revenue visibility over the next 3 years.