Power Mech Projects shares rise 4% after company secures Rs 549 crore order from Adani Group firm
A order wins & contracts development with market-wide reach.
· ET Stocks, Economic Times Markets
Power Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2x600 MW Tuticorin thermal power plant, with the contract spanning five years.
The analysis
A large order lengthens revenue visibility, which is what the market pays a premium for in capital-goods and infra names.
Market context
- Sector exposure: Power.
In this story
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