Power Mech Surges on Securing ₹2,500 Cr EPC Project from BHEL

Power Mech Projects Limited experienced a robust demand from investors today after revealing that it won a ₹2,500 crore EPC order from Bharat Heavy Electricals Limited (BHEL).

The shares of the company held up at ₹2,837.20, higher by ₹15.2, or 0.54%. In the current session, the stock price ranged between ₹2,975 and ₹2,815, with a traded volume of 3.30 lakh shares. The company has a market capitalization of ₹8,922 crore, and its stock is still well above its recent 52-week low of ₹1,700 and below the 52-week high of ₹3,415.

The newly awarded BHEL EPC contract is an important achievement for the Hyderabad based infrastructure and construction company. The assignment involves an EPC package for the Balance of Plants (BOP) at the 1×800 MW Singareni Super Thermal Power Project, Stage II, located in Mancherial, Telangana.

Also Read: Global Market Trends in Technical Textiles

Power Mech Projects will take care of design, engineering, manufacturing, supply, erection, testing, commissioning, and PG tests, as well as annual maintenance, and training. The complete project is to be completed in 38 months post residential commencement.

According to industry analysts, this significant project will not only enhance Power Mech Projects’ order book, but also improve revenue visibility over the next couple of years. Established in 1999, Power Mech Projects, located in Hyderabad, is gaining traction in India's power and infrastructure sector and this order from BHEL's EPC reinforces the company's stature as a better player in the large scale energy market.