Shares of Energy Mech rose by 5%, the corporate obtained an order price Rs 294 crore from Adani Energy. – INA NEWS

Energy Mech share worth: Shares of Energy Mech Tasks Restricted noticed an increase of 5.74 p.c at this time on January 1. This inventory closed at Rs 2715.10 on BSE. Really, the corporate has acquired a brand new order price Rs 294 crore from Adani Energy. After this information, heavy shopping for was seen within the firm’s shares at this time. With at this time’s rise, the market cap of the corporate elevated to Rs 8,584.14 crore. The inventory’s 52-week excessive is Rs 3725 and 520-week low is Rs 2080.50.

Particulars associated to the order acquired by Energy Mech

This home order includes offering overhauling companies, situation evaluation, set up, testing, commissioning and manpower assist for efficiency assure check of Steam Generator (SG), Steam Turbine Generator (STG) and their equipment.

Final week, the corporate acquired one other order price Rs 186 crore from Jaiprakash Energy Ventures, beneath which it’s to supply subject operation and upkeep companies for the two x 660MW Jaypee Nigri Tremendous Thermal Energy Plant in Madhya Pradesh over a interval of 5 years.

Energy Mech’s enterprise and financials

Energy Mech Tasks holds experience in building works, operation and upkeep companies and civil works. It offers options for energy and infrastructure sectors. Energy Mech Tasks reported 35.6 per cent development in its consolidated internet revenue in Q2FY25 to Rs 69.51 crore from Rs 51.26 crore in the identical quarter final yr. Within the September quarter, the corporate’s income elevated by 11.04 p.c year-on-year to Rs 1035.49 crore.

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