Power Mech Projects has secured a new order worth INR 109 crores, strengthening their ongoing projects. This addition to their pipeline is promising for the company's future growth.

Power Mech Projects Limited has won a significant ₹109.22 crore maintenance contract from Hindustan Zinc for managing their 91.5 MW CPP. The non-GST deal, spanning over four years, does not involve any transactions with related parties of the promoter.

Power Mech's shares soared by 8% today, reaching an intraday high of ₹1,867.5, following a ₹109.2 crore order from Hindustan Zinc. However, the stock has still fallen 25% year-to-date, despite recent successful bids for contracts worth ₹709.6 crore with Adani and ₹1,005 crore in Mirzapur/Mahan projects.