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Power Mech Projects shares rally 20% on Rs 30,438 crore worth order from SAIL

Power Mech Projects said the project can add peak turnover of around Rs 1,200 crore, plus escalation annually. It expects to see sustainable growth both in top and bottom lines in the future for a longer period.

SAIL awards Rs 30,483 crore mine development project to Power Mech

SAIL awards Rs 30,483 crore mine development project to Power Mech
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power mech projects: SAIL awards Rs 30,483 crore mine development project to Power Mech

Power Mech Projects has been awarded a mine development and operation (MDO) project of Rs 30,438 crore by state-owned steel maker SAIL. "This project is being awarded to a consortium of Power Mech Projects Ltd (PMPL) - PC Patel Infra Pvt Ltd for development and operation of Tasra opencast project, located at Jharia Coal fields in Dhanbad district of Jharkhand," a regulatory filing said on Monday.

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