“We’re delighted to announce that our firm has secured a ₹579 Crore (excluding GST) order from Bharat Heavy Electricals Restricted (BHEL) for Civil Structural & Architectural Works,” Power Mech Initiatives mentioned in a regulatory submitting,
The contract consists of levelling and grading of the facility block space, development of foundations, service buildings, air flow techniques, hearth safety techniques, and fencing, amongst different works. The execution timeline for the mission is 32 months from the date of the Letter of Award (LOA).
Additionally Learn: Power Mech Initiatives wins ₹865 crore order after 1:1 bonus subject
Power Mech Undertaking’s internet revenue rose 33.3% yr-on-yr (YoY) to ₹82 crore, in comparison with ₹61.5 crore in the identical interval final yr. The corporate’s income grew 20.8% YoY to ₹1,338 crore, up from ₹1,107.5 crore in Q3 FY24.
Earnings earlier than curiosity, tax, depreciation, and amortisation (EBITDA) elevated 12.8% to ₹150.9 crore, in comparison with ₹133.8 crore a yr in the past. Nonetheless, the corporate’s EBITDA margin declined to 11.3% from 12.1% within the yr-in the past interval, regardless of wholesome income progress.
Power Mech, which gives companies for energy vegetation and infrastructure initiatives—together with erection, testing, commissioning (ETC), operation and upkeep (O&M), and civil works—has been capitalising on rising demand within the sector.
Additionally Learn: Power Mech Initiatives wins second order from Adani Power in a month; Inventory jumps 4%
Shares of Power Mech Initiatives Ltd ended at ₹2,179.00, up by ₹132.50, or 6.47%, on the BSE.
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