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Read more about CARE Ratings revises credit ratings of Power Mech Projects on Business Standard. Power Mech Projects said that CARE Ratings had revised its credit ratings on the bank facilities of the company worth Rs 1,800 crore.
The benchmark indices continued marching ahead in the afternoon trade. The Nifty index was hovering above 15,100 mark. At 13:20 IST, the barometer index, the S&P BSE Sensex, jumped 728.02 points or 1.45% at 51,024.91. The Nifty 50 index gained 218.15 points or 1.46% at 15,137.25. ICICI Bank (up 2.59%), Infosys (up 2.32%) and HDFC (up 2.12%) boosted the indices. The broader market rallied. The S&P BSE Mid-Cap index added 1.18%. The S&P BSE Small-Cap index rose 1.60%. Buyers outnumbered sellers. On the BSE, 1,847 shares rose and 1,029 shares fell. A total of 177 shares were unchanged. Foreign ...
Power Mech Projects rose 3.7% to Rs 560 after the EPC company received letters of award for orders worth Rs 734 crore.The company received a Rs 401 crore order from Vedanta for operating & maintaining of boilers & auxiliaries, TG & auxiliaries, DM plant, electrical, filed operations and other miscellaneous jobs of 4 x 660 MW, thermal power plant at Jharsuguda, Odisha. It bagged EPC work order worth Rs 198 crore from Kurmitar Iron Ore Mining for design & engineering, supply, installation, commissioning and PGT of 9 MTPA ore handling package at primary area in Odisha. The company won an all c...