Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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 1.0 pts more than Nifty Microcap 250 and 2.1 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 Limited has received an order worth ₹227.95 crores (including GST) from South Western Railway, Bangalore. The order involves developing a Vande Bharat Sleeper Trains Maintenance Depot at Thanisandra (THSA) between Channasandra and Yelahanka Stations in Karnataka. The project will be executed on Engineering Construction and Procurement (EPC) mode within 30 months from the Appointed Date. The company clarified that the order does not involve any related party transaction and that promoters have no interest in the entity awarding the contract.
This is a positive development as it represents approximately 7% of the company's estimated annual revenue, providing significant visibility for future earnings. The railway infrastructure order from a government entity reinforces Power Mech's presence in the rail sector and could support revenue growth over the next 2-3 years.