Power Mech Projects, a power infrastructure services company, has received a Letter of Intent (LoI)/work order worth Rs 1.45 billion.
The company has bagged order for erection, testing & commissioning of boiler and boiler auxilary work of 1x660MW Coal Based Harduaganj Thermal Power Project, Harduaganj, Uttar Pradesh, for a total contract price of Rs 1.07 billion inclusive of all taxes, surcharges, cess and excluding Service Tax.
It also secured another order for piiping installation in Power Block, Boiler 1 & FGD 1 at Shuqaiq Steam Power Plant Project at Shuqaiq, Kingdom of Saudi Arabia (KSA) for a total contract price of Rs 381.9 million inclusive of all taxes.
Shares of the company gained Rs 7.80, or 1.58%, to trade at Rs 500. The total volume of shares traded was 2,509 at the BSE (10.04 a.m., Monday).