Latest news with #PowerMechProjects
Business Standard
2 days ago
- Business
- Business Standard
Power Mech Projects gains on securing Rs 159-cr solar orders from BSPGCL
Power Mech Projects rose 1.65% to Rs 3,209.95 after the company secured Rs 159 crore solar power orders from Bihar State Power Generation Company (BSPGCL) under the PM-KUSUM C2 scheme for setting up grid-connected distributed solar plants in Bihar. The projects, awarded under the RESCO (Renewable Energy Service Company) model, aim to solarize agricultural and mixed-load feeders across various substations in Bihar. These projects will have a total installed capacity of 13.66 MW (AC) and will generate revenue through a 25-year power purchase agreement (PPA) with Bihar distribution companies NBPDCL and SBPDCL. The execution is set to be completed within 12 months. The contracts cover three main locations: Rajoun, with a capacity of 4.221 MW valued at Rs 48.29 crore; Sakahara, with 4.285 MW worth Rs 49.02 crore; and Sambhuganj, the largest, with 5.155 MW valued at Rs 61.78 crore. Each project will receive a central government subsidy of Rs 1.05 crore per MW, plus an additional Rs 0.45 crore per MW from the Bihar government. The scope of work includes the design, supply, installation, testing, commissioning, and long-term operation and maintenance of the solar power plants, along with related transmission infrastructure. Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
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Business Standard
2 days ago
- Business
- Business Standard
Power Mech shares rise after ₹159 crore solar power project orders
Shares of Power Mech Projects rose over 2.5 per cent on Friday after it secured orders worth ₹159 crore from Bihar State Power Generation Company Limited (BSPGCL). The company's stock rose as much as 2.56 per cent during the day to ₹3,236 per share. The stock pared gains to trade 1.5 per cent higher at ₹3,201 apiece, compared to a 0.23 per cent advance in Nifty 50 as of 11:00 AM. Shares of the company extended gains to their fourth straight day on Friday, gaining over 8 per cent in the process. From its March low, the stock has surged nearly 83 per cent. The counter has risen 25 per cent this year, compared to an 8.12 per cent advance in the benchmark Nifty 50. Power Mech Projects has a total market capitalisation of ₹10,185.03 crore, according to BSE data. Track LIVE Stock Market Updates Here Power Mech bags orders worth ₹159 crore The company secured solar power project orders from BSPGCL under the PM-KUSUM Component C2 Scheme for feeder-level solarisation, according to an exchange filing on Thursday. The projects involve setting up grid-connected distributed solar power plants at three power sub-stations in Bihar, Rajoun (4.221 Mw), Sakahara (4.285 Mw), and Sambhuganj (5.155 Mw)—with a total capacity of 13.66 Mw (AC). The combined value of the contracts is approximately ₹159 crore, with estimated revenue generation over the Power Purchase Agreements (PPAs) tenure. The orders, awarded on a Build-Own-Operate (BOO) basis, will be executed within 12 months, according to the statement. The projects are backed by 25-year PPAs with Bihar DISCOMs and are eligible for government subsidies of ₹1.05 crore per Mw (central) and ₹0.45 crore per Mw (state). Power Mech Q4 results The company reported a 53.8 per cent jump in consolidated net profit to ₹129.8 crore in Q4FY25, as against ₹84.4 crore in the same quarter a year ago (Q4FY24), influenced by robust revenue growth and steady operating margins. Revenue from operations zoomed 42.34 per cent Y-o-Y to ₹1,853.3 crore in Q4FY25, from ₹1,301.5 crore in Q4FY24. About Power Mech The company is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. It offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works.
Business Standard
2 days ago
- Business
- Business Standard
Stock Alert: Hitachi Energy, Power Mech Projects, Torrent Pharma, Western Carriers
Stocks to Watch: Hitachi Energy India has received an order from Power Grid Corporation of India to supply 30 units of 765-kilovolt (kV) 500 megavolt-ampere (MVA) single-phase transformers. Power Mech Projects has secured orders worth Rs 159 crore from Bihar State Power Generation Company (BSPGCL), for setting up of grid connected distributed solar power plants for solarization of agricultural/ mixed feeders (with agricultural load) in power sub-stations through procurement of power by Bihar DISCOMs (NBPDCL/SBPDCL) at various locations in the State of Bihar Torrent Pharmaceuticals has issued commercial papers (CPs) amounting to Rs 300 crore at an interest rate of 5.93% p.a for a tenure of 92 days. NTPC's Unit 3 (660 MW) of Barh super thermal power project, stage-I (3x660 MW) declared the commercial operation with effect from 1 July 2025. Western Carriers (India) has secured a work order worth approximately Rs 230 crore from Jindal Stainless Steel. The contract spans a period of three years and covers an integrated EXIM logistics solution. Associated Alcohols & Breweries has launched its premium blended malt whisky Hillfort in Uttar Pradesh. The product is now available across select retail outlets.
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Business Standard
23-05-2025
- Business
- Business Standard
Here's why Power Mech shares were buzzing in trade on May 23; details
Power Mech Projects share price: Power Mech Projects (Power Mech) shares were buzzing in trade on Friday, May 23, 2025, with the scrip rising up to 14.70 per cent higher at Rs 3,380 per share. However, at 11:50 AM, Power Mech shares were trading 6.88 per cent higher at Ra 3,149.65 per share. In comparison, BSE Sensex was trading 0.99 per cent higher at 81,749.50 level. Why did Power Mech shares rally today? Power Mech shares rose after posting strong results in the March quarter of financial year 2025 (Q4FY25). The company reported a 53.8 per cent jump in consolidated net profit to ₹129.8 crore in Q4FY25, as against ₹84.4 crore in the same quarter a year ago (Q4FY24), influenced by robust revenue growth and steady operating margins. Revenue from operations zoomed 42.34 per cent Y-o-Y to ₹1,853.3 crore in Q4FY25, from ₹1,301.5 crore in Q4FY24. Meanwhile, profit before tax (PBT) jumped 48.2 per cent Y-o-Y to ₹180.9 crore, from ₹122 crore in Q4FY24. Power Mech dividend Power Mech board has approved the final dividend on equity shares at the rate of 12.5 per cent i.e. ₹1.25 per equity share of ₹10 each for the financial year ended March 31, 2025. 'The above-mentioned dividend, if approved by the shareholders in the ensuing annual general meeting, shall be paid within 30 days of such approval,' the company said. About Power Mech Projects Power Mech Projects is among the leading infrastructure and construction companies with a strong focus on the power and infrastructure sectors. The company offers services such as the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, along with Balance of Plant (BOP) works. Power Mech Projects is also actively involved in the operation and maintenance (O&M) of power plants and undertakes civil construction works related to power projects. Its expertise spans across engineering, procurement, and construction (EPC), making them a key player in delivering integrated solutions for power infrastructure. In addition to its core power sector operations, the company has diversified into other infrastructure domains including railways, mining, steel, transmission and distribution, and process industries. With a growing global footprint, the company has executed projects both in India and internationally. Its broad service offerings include engineering design, project management consultancy, procurement, logistics, and inventory management.
Business Standard
23-05-2025
- Business
- Business Standard
Power Mech Projects spurts after Q4 PAT climbs 54% YoY to Rs 130 cr
Power Mech Projects surged 11.41% to Rs 3,283 after the company reported a 53.76% jump in consolidated net profit to Rs 129.79 crore in Q4 FY25, compared to Rs 84.41 crore in the year-ago period. The robust bottom-line performance was driven by strong revenue growth and steady operating margins. Revenue from operations rose 42.39% YoY to Rs 1,853.28 crore in Q4 FY25, from Rs 1,301.53 crore in the corresponding quarter of the previous year. Profit before tax (PBT) stood at Rs 180.90 crore, up 48.21% from Rs 122.06 crore in Q4 FY24. Total expenses stood at Rs 1687.29 crore in Q4 FY25, up 50.69% to Rs 1,119.69 crore in Q4 FY24. The cost of material consumed was Rs 283.54 crore (up 23.55% YoY), contract execution expenses stood at Rs 1,152.93 crore (up3% YoY), and employee benefit expenses were at Rs 185.78 crore (up 20% YoY) during the period under review. On a full-year basis, the company's net profit jumped 39.92% to Rs 347.55 crore on a 24.43% rise in revenue to Rs 5,234.14 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 1.25 per equity share (12.5%) for the financial year ended 31 March 2025, subject to shareholders' approval at the upcoming annual general meeting. Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
