Power Mech Secures ₹109 Crore Hindustan Zinc Order; Shares Surge

• Power Mech Projects Ltd. secured a ₹109.22 crore order from Hindustan Zinc Ltd. for operation and maintenance services.
• The contract involves comprehensive O&M of a 91.5 MW captive power plant and its transmission line.
• Power Mech will execute the project as an independent contractor, with completion scheduled within 48 months.
• This domestic contract strengthens Power Mech's O&M portfolio, following other significant orders from Adani subsidiaries.
• Company shares rose 4.61% to ₹1,812.70 after the announcement.

Key Questions Answered

How will this order impact Power Mech's future earnings?

Power Mech's future earnings are expected to be positively impacted by a new ₹109.22 crore order from Hindustan Zinc Ltd.

What is the long-term outlook for Power Mech shares?

The long-term outlook for Power Mech shares is not explicitly detailed, but recent orders suggest potential growth.

Could Power Mech secure more such large contracts soon?

Power Mech Projects Ltd. has recently secured a significant order worth ₹109.22 crore from Hindustan Zinc Ltd. This follows other substantial contracts, including a ₹709.