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Power Mech Secures Order Worth Rs 209.50 Cr from Hindustan Zinc

Jul 19, 2024

By: BlinkX Research Team

On Thursday, July 18, Power Mech Projects stated that it had secured an order from Hindustan Zinc for Rs 209.50 crore.

Key Takeaways from Power Mech’s Acquisition

• Power Mech Projects announced it has won an order worth Rs 209.50 crore from Hindustan Zinc.
• The company has received an order worth Rs 209 crore for the operation and maintenance of 3X91.5 MW CPP at Hindustan Zinc.
• The project is expected to be executed within 48 months.

The company has secured an order for Rs 209 crore to operate and maintain 3X91.5 MW CPP at Hindustan Zinc. The project is expected to be completed within 48 months. 

The company's net profit increased 13.1% to Rs 84.4 crore in the March quarter compared to the previous year. In the same quarter, the company's net profit was Rs 74.6 crore. Sequentially, its operating revenue increased by 10.9% to Rs 1,301.5 crore, compared to Rs 1,174.1 crore in the previous fiscal year.

Power Mech's EBITDA climbed 14.4% to Rs 149.6 crore in Q4 of the current fiscal year, up from Rs 130.8 crore the previous year. The EBITDA margin was 11.5% in the reporting quarter, up from 11.1% in the same time last fiscal year. 

About Power Mech Projects Limited

Power Mech Projects Limited was founded in 1999, with its headquarters in Hyderabad. It is one of the top corporations in project and infrastructure building. It is also a top service provider for plant operation and maintenance. The firm has a global presence and offers a broad range of services in the power, non-power, and infrastructure sectors.

The company has carved itself a niche in practically every area, including primary plant erection, testing and commissioning, plant balancing, operation and maintenance, and repairs, among others. Power Mech mostly operates in India, but it also has a presence in over ten other countries. 

You can check Power Mech Projects Ltd share price to make informed investment decision.