Power Mech Projects (NSE:POWERMECH, BOM:539302) has received two operations and maintenance contracts worth 5.51 billion Indian rupees, according to a Monday filing.
Shares of the company were up 2% in recent Tuesday filing.
The company secured a contract worth 4.98 billion rupees from SJVN Thermal for commissioning support and O&M services at the 2x660 MW Buxar Thermal Power Project in Bihar, India. The order is to be executed over 39 months, the filing said.
Additionally, it won a contract worth 529.6 million rupees from Jhabua Power, a joint venture of NTPC, for O&M of a 600 MW unit in Madhya Pradesh, India, for three years, with a one-year extension option.
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