Power Mech Projects share price saw an upward movement on Tuesday after the company bagged an order for Rs 971.98 crore from Telangana Power Generation Corp., as per an exchange filing on Tuesday.
The money will be purposed under "TGGENCO - (Sx800MW)YTPS" for soil investigation, engineering, design and construction of integrated township with infrastructural works, such as construction of independent, multistoried, and residential quarters among other things.
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The order needs to be fulfilled within 30 months from the date of taking over of site, according to the filing.
Earlier in February, the construction company had bagged an order worth Rs 164.63 crore from Bharat Heavy Electricals Ltd.
The BHEL order consisted of the main supply, including design and engineering, mandatory spares, and civil works, as well as erection and commissioning for two 800 MW DVC Koderma TPS Phase-II EPC project.
Power Mech Projects Share Price
Share price for Power Mech rose as much as 3.81% to Rs 2,829.30 apiece, the highest level since April 23, 2025. It pared gains to trade 1.65% higher at Rs 2,770.50 apiece, as of 12:30 p.m. This compares to a 0.84% decline in the NSE Nifty 50.
The stock has risen 7.79% on a year-to-date basis, and is up 15.82% in the last 12 months. Total traded volume so far in the day stood at 1.6 times its 30-day average. The relative strength index was at 68.68.
Out of three analysts tracking the company, two maintain a 'buy' rating and one recommends a 'hold', according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 4.4%.
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