Power Mech Projects has received an order worth Rs 510 crore from Adani Power, related to the performance of Mechanical construction works for 2x800 MW Raipur Phase-II Ultra Supercritical Thermal Power Project (Project), at Raikheda village in Raipur District, Chhattisgarh - 493225.Powered by Capital Market - Live

The contract entails mechanical construction works for a 2x800 MW Raipur Phase II Ultra Supercritical Thermal Power Project at Raikheda village in Raipur District, Chhattisgarh. The consideration for this contract is Rs 510 crore, and it is to be executed in 34 months. Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies. The company reported a 35.60% jump in consolidated net profit to Rs 69.51 crore on a 11.04% increase in revenue from operations to Rs 1,035.49 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Revenue from operations increased 11.04% to Rs 1,035.49 crore during the quarter as compared with Rs 932.49 crore posted in same period last year. Profit before tax rose 25.71% YoY to Rs 100.90 crore in Q2 FY25 over Q2 FY24. Total expenses stood at Rs 944.05 crore in Q2 FY25, up 10.51% to Rs 854.22 crore in Q2 FY24. Cost of material consumed was Rs 170.78 crore (up 30.14% YoY), contract execution expenses stood at Rs 568.49 crore (up 6.03%YoY), employee benefit expenses was at Rs 154.41 crore (up 10.22% YoY) during the period under review. On half year basis, the company's consolidated net profit rallied 28.35% to Rs 131.24 crore on 13.64% increase in revenue from operations to Rs 2,042.89 crore in H1 FY25 over H1 FY24. Hyderabad-based Power Mech Projects is one of the leading infrastructure-construction companies. Shares of Power Mech Projects declined 2.17% to close at Rs 2,676.65 on Tuesday, 12 November.Powered by Capital Market - Live

Net profit of Power Mech Projects rose 30.82% to Rs 67.07 crore in the quarter ended September 2024 as against Rs 51.27 crore during the previous quarter ended September 2023. Sales rose 11.05% to Rs 1035.49 crore in the quarter ended September 2024 as against Rs 932.49 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1035.49932.49 11 OPM %11.8811.89 - PBDT114.2190.32 26 PBT100.9080.27 26 NP67.0751.27 31 Powered by Capital Market - Live

Power Mech Projects will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live

The company will provide comprehensive software development and technology services, including specialized SAP services. It aims to deliver innovative and efficient solutions tailored to our clients' needs, enabling them to enhance their operations, productivity, and competitiveness. The firm's services will encompass a wide range of activities, such as custom software development, web and mobile app development, database management, IT consulting, and support. Power Mech Projects is an engineering and construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M). The company had reported 17.93% rise in consolidated net profit to Rs 60.13 crore on a 16.44% increase in sales to Rs 1,007.39 crore in Q1 FY25 over Q1 FY24. Shares of Power Mech Projects slipped 4.25% to end at Rs 2,764.45 on Friday, 25 October 2024. Powered by Capital Market - Live

Power Mech Projects has received an order worth Rs 226.66 crore related to Comprehensive Operations and Maintenance (O&M) partner for Gujarat Mineral Development Corporation's 250 (2X125) MW Akrimota Thermal Power Station (ATPS), Gujarat.Powered by Capital Market - Live

Power Mech Projects has received an order of Rs 865 crore for operation and maintenance (O&M) of 3X660 MW supercritical thermal power plant of Talwandi Sabo Power (a subsidiary of Vedanta) at Banawala village, Mansa District, Punjab.Powered by Capital Market - Live

The project involves O&M of 3X660 MW supercritical thermal power plant of Talwandi Sabo Power at Banawala village, Mansa District in Punjab. The tenure of this contract is of 5 years with effect from 1 November 2024. The total value of the project is Rs 865 crore. Power Mech Projects is an engineering and construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M). The company had reported 17.93% rise in consolidated net profit to Rs 60.13 crore on a 16.44% increase in sales to Rs 1,007.39 crore in Q1 FY25 over Q1 FY24.Powered by Capital Market - Live

Power Mech Projects has revised the record date is 08 October 2024 for issue of bonus shares in ratio of 1:1. Powered by Capital Market - Live