Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Order Above 5pct RevenueBusiness Updates View source PDF

POWERMECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.7%1-day move

₹2080.70

prior close

₹2219.60

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AI summary

Power Mech Projects Limited has received an order from Maha Mumbai Metro Operation Corporation Limited for Operations and Maintenance of the Mumbai Monorail. The monorail corridor spans 19.54 km with 17 stations connecting Sant Gadge Maharaj Chowk to Chembur. The contract is valued at ₹296.44 Crores (excluding GST) and will run for a period of five years. This is a domestic order and is not a related party transaction. The company has confirmed that promoters have no interest in the entity awarding the order.

Likely market impact

This order represents a significant positive development for Power Mech, as the ₹296.44 crore contract likely constitutes a material portion of the company's annual revenue, providing revenue visibility for the next 5 years and strengthening the company's order book.