Power Mech Projects Ltd shares jump 1.58% as it receives order
Why did Power Mech Projects Ltd shares jump today?
Power Mech Projects Ltd shares saw a notable jump of on Wednesday. At , the stock was trading at . This positive movement in the stock price came after the company announced a significant new business win.
The company informed stock exchanges that it has secured a major order from Vedanta Power Limited for their Sakti Thermal Plant in Chhattisgarh. The order is for the "End-to-End basis Operations and Maintenance" of the 2x600 MW coal-based power plant. This is a substantial domestic contract, underscoring the company's strong capabilities in the power sector.
According to the intimation, the order has a value of and is set to be executed over a period of . Securing such a large and long-term contract from a major entity like Vedanta is a positive signal for future revenue and profitability, which likely boosted investor sentiment and led to the rise in the share price.
What does Power Mech Projects Ltd do?
Power Mech Projects Ltd is engaged in the power sector, securing contracts for the operation and maintenance of power generation facilities. The company has recently been awarded a domestic order by Vedanta Power Limited for a significant project.
The scope of work involves providing end-to-end basis Operations and Maintenance services for the 2x600 MW Sakti Thermal Plant. This coal-based thermal power plant is located in the village of Singhitarai, within the Sakti district of Chhattisgarh.
Power Mech Projects Ltd Financials
In CroresPower Mech Projects Ltd reported revenue of ₹2110.73 Crores for the quarter ending March 2026, which decreased sequentially to ₹1623.68 Crores in the June 2026 quarter. Similarly, profit declined from ₹142.55 Crores in March 2026 to ₹79.78 Crores in the subsequent June 2026 quarter, indicating a quarter-on-quarter decline in both top-line and bottom-line performance.
Power Mech Projects Ltd Shareholding Pattern
Promoter holding stands at 58.41% of the total share capital. Foreign Institutional Investors (FIIs) hold 6.54% stake in the company, while Domestic Institutional Investors (DIIs) hold 20.6%. Public shareholders hold the remaining 14.45% stake in Power Mech Projects Ltd.
Power Mech Projects Ltd FAQs
Q: Why did Power shares jump 1.58% today?
Please see the attched intimation of Receipt of Order. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Power Mech Projects Ltd?
As per the latest data, promoters hold 58.41% stake in Power Mech Projects Ltd, while FII holding stands at 6.54%. Domestic institutional investors hold 20.6%, and public shareholders account for 14.45% of the equity.
Q: What is the current stock price of Power Mech Projects Ltd?
Power Mech Projects Ltd shares are currently trading at ₹2450.75, recording a gain of 1.58% from the previous close.
Q: What is the market capitalization of Power Mech Projects Ltd?
The company currently has a market capitalization of ₹7748.36 crore, reflecting its valuation in the Indian equity market.