Power Mech Receives ₹579 Crore Order From Bhel
Power Mech Projects Limited is a Hyderabad based Construction company. This company has received an order of Rs 579 crore from BHEL. In Exchange filings, company revealed this on Friday night.
Power Mech Share Price
On Friday, the company’s stock rose 6.4% and closed at the day’s high. Power Mech stock opened at ₹2078 and made an intraday low of ₹2047.7 where it closed the previous day, and after that a tremendous rise was seen in it and it made a high of ₹2180 and closed at ₹2179. Power Mech Share’s 52 week high is ₹3,725 and currently, Power Mech Share Price is Trading nearly 40 percent down from its 52 week high.
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₹579 Crore Order Details
Power Mech Projects Limited has secured an order worth ₹579 crore order (excluding GST) from Bharat Heavy Electricals Limited (BHEL). The contract involves civil, structural, and architectural works for Units 3 and 4 of the 2x800MW DVC Koderma (KTPS) Phase-II project in Jharkhand.
The scope of work includes site leveling and grading, construction of transformer yards, power house structures, boiler areas, turbine generator (TG) foundations, and mill and bunker sections. Additionally, the project covers the installation of ESP control rooms, chimney raft foundations, switchyard works, and fire protection systems. Infrastructure elements such as labor accommodations, parking facilities, and rooftop solar system foundations are also part of the contract.
The work is scheduled to be completed within 32 months from the issuance of the Letter of Award (LOA). The project is entirely domestic and does not involve related-party transactions or promoter interests.
Power Mech Key Details
The company’s market capitalization stands at ₹6,861 crore, with a price-to-earnings (P/E) ratio of 23.60 and a price-to-book ratio of 3.36. Despite a low dividend yield of 0.05%, the company’s return on capital employed (ROCE) is at an impressive 22.15%, while return on equity (ROE) is 13.50%.
Investment Returns
In shorter time frame company has given negative returns. short-term gains of 6.85% in a week and 11.87% in a month contrast with a steep decline of -35.13% over six months. However, its long-term trajectory remains robust, delivering 94.23% returns in two years and an outstanding 1,176.90% over five years, highlighting significant wealth creation potential.
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