Shares of Power Mech Projects zoomed 18 per cent to hit a fresh 52-week high of Rs 886.15 on the BSE in intra-day trade on Monday, thus surging 33 per cent in the past four trading days after order win from Central Coalfield. The stock of the construction & engineering company had hit a record high of Rs 1,164 on May 29, 2019.
The company, on Monday, June 28, 2021, 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.
Power Mech Projects is one of the leading industrial services and construction companies providing versatile and comprehensive services in power and infrastructure sectors.
