Latest news with #PowerMechProjects
Time of India
15-07-2025
- Business
- Time of India
Power Mech Projects shares in focus after bagging orders worth ₹551 crore
Shares of Power Mech Projects will be in focus on Tuesday after the company announced that it has secured two orders worth a total of ₹551.35 crore from SJVN Thermal and Jhabua Power. According to an exchange filing, the first order from SJVN Thermal is valued at ₹498.39 crore. It involves commissioning support and a comprehensive operation and maintenance (O&M) contract for the coal-based supercritical Buxar Thermal Power Project at Chausa, Bihar. The project is expected to be completed in 39 months. The second order, worth ₹52.96 crore, was awarded by Jhabua Power. It pertains to the O&M of the boiler, turbine, and generator for a 1x600 MW unit at Barela, Madhya Pradesh. The contract spans three years, with a provision for a one-year extension. In May, Power Mech also bagged a major order worth ₹971.98 crore from Telangana Power Generation Corporation. The Hyderabad-based engineering and infrastructure company is recognized for its expertise in the power sector, providing comprehensive services that include the erection, testing, and commissioning of power plants. Power Mech Projects Q1 results For the first quarter, Power Mech Projects reported a 53.8 per cent year-on-year (YoY) rise in net profit to ₹129.8 crore, up from ₹84.4 crore in the same quarter last year. The profit growth was driven by robust revenue and stable margins. Revenue for the quarter stood at ₹1,853.3 crore, marking a 42.4 per cent increase from ₹1,301.5 crore in Q4FY24, reflecting strong execution across key segments. EBITDA for the quarter rose 44.3 per cent YoY to ₹215.7 crore, compared to ₹149.5 crore in the year-ago period. The EBITDA margin remained stable at 11.6%, slightly up from 11.5 per cent last year, indicating effective cost control. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
15-07-2025
- Business
- Business Standard
Power Mech Projects edges higher after bagging orders worth Rs 551.35 crore
Power Mech Projects added 1.91% to Rs 3280.00 after the company announced that it has secured orders worth Rs 551.35 crore from SJVN Thermal (P) and Jhabua Power. The company won a contract worth Rs 498.39 crore from SJVN Thermal (P). This order is for commissioning support and a comprehensive operation and maintenance (O&M) contract for the coal-based Supercritical Buxar Thermal Power Project (BTPP), which includes two 660 MW units. This project is located at Chausa, Buxar District, Bihar, and is expected to be completed within 39 months. Power Mech has also secured a Rs 52.96 crore order from Jhabua Power. This contract covers the operation and maintenance of the boiler, turbine, and generator for a 1x600 MW unit. The plant is situated at Village Barela, Post Office-Attaria, Tehsil-Ghansore, District Seoni-480997, Madhya Pradesh. The contract period is for three years, with a provision for a one-year extension. Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies. The companys consolidated net profit advanced 53.8% to Rs 129.79 crore on a 42.4% rise in revenue from operations to Rs 1,853.28 crore in Q4 FY25 over Q4 FY24.
Business Standard
15-07-2025
- Business
- Business Standard
Power Mech Projects wins order of Rs 52.96 cr from Jhabua Power
Power Mech Projects has secured an order worth Rs 52.96 crore from Jhabua Power (a Joint Venture of NTPC) for operation and maintenance of Boiler, Turbine and Generator of 1x600 MW unit of Jhabua Power situated at: Village Barela, Post Office-Attaria, Tehsil-Ghansore, District Seoni-480997, Madhya Pradesh.
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Business Standard
15-07-2025
- Business
- Business Standard
Why did Power Mech's share price zoom 6% in trade today? Find out here
Power Mech Projects share price: Construction engineering company Power Mech Projects (Power Mech) shares were in demand on Tuesday, July 15, 2025, with the stock popping as much as 5.60 per cent to hit an intraday high of ₹3,398.90 per share. At 12:00 noon, Power Mech share price was trading 1.78 per cent higher at ₹3,275.90 per share. In comparison, BSE Sensex was trading 0.43 per cent higher at 82,609.24 levels. What drove Power Mech share price higher today? The uptick in Power Mech Projects' share price came after the company announced that it has secured two orders in the power sector. The first order has been awarded by SJVN Thermal (P) Limited for commissioning support and comprehensive operation and maintenance of the coal-based supercritical Buxar Thermal Power Project (BTPP), comprising 2 x 660 MW units located at Chausa, District Buxar, Bihar. This domestic contract will be executed over a period of 39 months, with a total consideration of ₹498.39 crore, excluding all taxes, duties, levies, cess, etc. The second order comes from Jhabua Power Limited (a joint venture of NTPC Limited) for the operation and maintenance of the boiler, turbine, and generator for a 1 x 600 MW unit situated at Village Barela, Post Office-Attaria, Tehsil-Ghansore, District Seoni-480997, Madhya Pradesh. This, too, is a domestic contract with a duration of three years and a provision for a one-year extension. The total value of this order is ₹52.96 crore, excluding all applicable taxes and levies. About Power Mech Projects Power Mech Projects is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. The company offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works. Power Mech Projects is also actively involved in the operation and maintenance (O&M) of power plants and undertakes civil construction works related to power projects. Its expertise spans across engineering, procurement, and construction (EPC), making them a key player in delivering integrated solutions for power infrastructure. In addition to its core power sector operations, the company has diversified into other infrastructure domains including railways, mining, steel, transmission and distribution, and process industries. With a growing global footprint, the company has executed projects both in India and internationally. Its broad service offerings include engineering design, project management consultancy, procurement, logistics, and inventory management. The market capitalisation of Power Mech Projects is ₹10,357.18 crore, BSE data showed. The company falls under the BSE SmallCap category.
Economic Times
15-07-2025
- Business
- Economic Times
Power Mech Projects shares in focus after bagging orders worth Rs 551 crore
Shares of Power Mech Projects will be in focus on Tuesday after the company announced that it has secured two orders worth a total of Rs 551.35 crore from SJVN Thermal and Jhabua Power. ADVERTISEMENT According to an exchange filing, the first order from SJVN Thermal is valued at Rs 498.39 crore. It involves commissioning support and a comprehensive operation and maintenance (O&M) contract for the coal-based supercritical Buxar Thermal Power Project at Chausa, Bihar. The project is expected to be completed in 39 months. The second order, worth Rs 52.96 crore, was awarded by Jhabua Power. It pertains to the O&M of the boiler, turbine, and generator for a 1x600 MW unit at Barela, Madhya Pradesh. The contract spans three years, with a provision for a one-year extension. In May, Power Mech also bagged a major order worth Rs 971.98 crore from Telangana Power Generation Hyderabad-based engineering and infrastructure company is recognized for its expertise in the power sector, providing comprehensive services that include the erection, testing, and commissioning of power plants. Also Read: SBI, HDFC Bank among 10 banking stocks in Antique's top picks that may rally up to 50% ADVERTISEMENT Power Mech Projects Q1 resultsFor the first quarter, Power Mech Projects reported a 53.8% year-on-year (YoY) rise in net profit to Rs 129.8 crore, up from Rs 84.4 crore in the same quarter last year. The profit growth was driven by robust revenue and stable margins. ADVERTISEMENT Revenue for the quarter stood at Rs 1,853.3 crore, marking a 42.4% increase from Rs 1,301.5 crore in Q4FY24, reflecting strong execution across key for the quarter rose 44.3% YoY to Rs 215.7 crore, compared to Rs 149.5 crore in the year-ago period. The EBITDA margin remained stable at 11.6%, slightly up from 11.5% last year, indicating effective cost control. ADVERTISEMENT Also Read: Brokerages initiate coverage on Delhivery, 7 other stocks; up to 33% upside seen (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
