Power Mech Projects, a power infrastructure services company, announced Thursday the company has received an Letter of Intent (LOI) from IL&FS Tamil Nadu Power Company for an order worth Rs 856.46 million. The order is spread over 3 years. 

The order is for operation, management & maintenance with respect to boiler, turbine, generator & balance of plant (except CHP, AHP, Seawater Intake & Outfall and FGD systems) and related facilities (BTG & BOP) for Unit 1 and Unit 2 of 2x660 MW thermal power plant at Cuddalore, Tamil Nadu.

Shares of the company gained Rs 0.75, or 0.12%, to settle at Rs 610.25. The total volume of shares traded was 19,033 at the BSE (Thursday).