Shares of Power Mech Projects soared 15 per cent to hit a fresh 52-week high of Rs 767.30 on the BSE in intra-day trade on Monday after the company said it has won a mine development & operation (MOO) project from Central Coalfields Limited (CCL),a subsidiary of Coal India, aggregating to Rs 9,294 crore over the contract period. The stock surpassed its previous high of Rs 744.90 on June 17, 2021.
Power Mech Projects is one of the leading industrial services and construction companies providing versatile and comprehensive services in power and infrastructure sectors.
The MOO contract will primarily comprise of mine infrastructure development, removal of overburden and extraction of coking coal, processing, crushing and transportation of coal up to washery of CCL,
