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Power Mech Projects gains 10% on order win worth Rs 357 crore

Power Mech Projects gains 10% on order win worth Rs 357 crore
November 29
14:05 2017
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Shares of Power Mech Projects rose nearly 10 percent intraday Wednesday on order win worth Rs 357 crore.

The company has received this order under Make in India scheme from Andhra Pradesh Medtech Zone (AMTZ), an enterprise under the Government of Andhra Pradesh.

The order includes construction of ultra modern medical equipment manufacturing and testing facility located at Visakhapatnam, Andhra Pradesh.

Earlier in this week on November 21, the company has received letter of award, letter of intent/work orders worth Rs 381 crore.

graph_powertech

At 13:37 hrs Power Mech Projects was quoting at Rs 772, up Rs 46.35, or 6.39 percent on the BSE.

Posted by Rakesh Patil

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