This project involves the EPC package for balance of plants (BOP) at 1 X 800 MW Singareni Super Thermal Power Project, Stage – II, Mancherial, Telangana.
This domestic order is expected to be completed in 38 months.
Scope of Project
This order, won by Power Mech, will involve design, engineering, manufacturing, inspection, testing, painting, supply/ delivery, duly packed at project site. It includes transportation up to the site, receipt, unloading, storage, security & handling at the site.Also Read: Power Mech Q1 Results | Net profit, revenue, margins post solid growth
Furthermore, it will also involve complete civil & structural works, construction, erection, testing, commissioning, final painting at the site, trial run, PG Test, handing over, completion of facilities, annual maintenance till handover, training, guarantee and warranty, defect liability period, etc.This is the first order that the company has disclosed to the exchanges in nearly two months.
Back in August, Power Mech had announced that it has won an order worth ₹370.8 crore from Mahan Energen Ltd., one of the subsidiaries of Adani Power.
A Look At The Previous Quarter
During the June quarter, Power Mech had reported a 30.4% growth in its net profit from the same quarter last year to ₹80.5 crore. Revenue had also increased by 28.4% on a year-on-year basis to ₹1,293 crore.
Shares of Power Mech Projects are off the highs of the day, currently trading 1.8% higher at ₹2,874.2. The stock is down 6% in the last one month.
Also Read: Urban Company shares jump 8%; Here’s why October 16 is an important session for the stock
