Stocks In News - Bagging Order

 

• Power Mech Projects has received a letter of intent/L1 intimation for the work orders worth Rs 1,311.70 cr.
• The work orders include a project on EPC basis in the state of Karnataka worth Rs 555.13 cr from NHAI. This is a joint venture between Power Mech and SRC Infra in the ratio of Power Mech 60% and SRC infra 40% respectively.
• The other project is widening and upgradation to 2 lanes with paved shoulder configuration and geometric improvement on Aizawl-Tuipang Section of NH-54 in the State of Mizoram (Package-7) worth Rs 446.40 crore from NHIDCL. This is a JV between Power Mech and SRC Infra in the ratio of Power Mech 74% and SRC infra 26% respectively.
• It also got a contract worth Rs 176.17 cr from LMB.