POWERMECH

** Shares of Power Mech Projects POMP.NS jump as much as 8.2% to a 2-month high of 2,347 rupees, last up 4.5%

** Engineering and construction firm gets 5.79-billion rupee (~$67 million) order from Bharat Heavy Electricals BHEL.NS for civil structure and architechtural work in Jharkhand state

** Order for a period of 32 months

** Year-to-date, POMP down ~16%

($1 = 85.8575 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Feb 10 (Reuters) - Power Mech Projects Ltd POMP.NS:

• DEC-QUARTER CONSOL NET PROFIT 820.3 MILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 13.38 BILLION RUPEES

Source text: [ID:]

Further company coverage: POMP.NS

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** Shares of nuclear energy-related firms jump

** BHEL BHEL.NS, Kilburn Engineering KLBE.BO, MTAR Technologies MTAR.NS, Walchandnagar Industries WALC.NS and Power Mech Projects POMP.NS up between 4.3% and 13.4%

** India will develop at least 100 GW of nuclear energy by 2047, Finance Minister Nirmala Sitharaman says in union budget

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

** Shares of Power Mech Projects POMP.NS rise as much as 5.1% to 2,700 rupees

** Engineering and construction co says it has secured orders worth 2.94 bln rupees ($34.3 mln) from Adani Power

** More than 64,000 shares change hands, 1.2x of 30-day avg

** Stock rose 19.9% in 2024, its fourth straight yearly gain

($1 = 85.7075 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Dec 26 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS LTD - SECURES 1.86 BILLION RUPEES ORDER

Source text: ID:nBSE3L4Bqn

Further company coverage: POMP.NS

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Nov 29 (Reuters) - Power Mech Projects Ltd POMP.NS:

• GOT ORDER WORTH 5.1 BILLION RUPEES

Source text: ID:nBSEnBFYX

Further company coverage: POMP.NS

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Nov 11 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS SEPT-QUARTER CONSOL NET PROFIT 670.7 MILLION RUPEES

• POWER MECH PROJECTS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.35 BILLION RUPEES

Source text: ID:nNSE4S9LsY

Further company coverage: POMP.NS

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Oct 25 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS - INCORPORATED NEW UNIT P M T S TECHNOLOGY IN DUBAI

Source text for Eikon: ID:nBSE2zLVpK

Further company coverage: POMP.NS

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** Shares of GMR Power and Urban Infra GMRP.NS up 4.6% to record high of 156 rupees

** Co's core thermal assets are nearing optimal performance on coal tie-ups, power purchase agreements to the tune of ~90% capacity, and improving debt metrics, Emkay analysts said

** Brokerage initiates Street coverage on stock with "buy" rating and PT of 180 rupees

** Co's ~7.5 mln smart meter installation contract opens up lucrative asset-light business opportunity with Bosch for vertical integration and unleashing execution capabilities - Emkay

** Says co is focused on reducing debt on the back of strong cash flow, conversion of Foreign Currency Convertible Bonds into equity, and handover of Hyderabad-Vijayawada road project

** GMRP up 176% YTD, vs 27% and 58% gain in Engineers India ENGI.NS and Power Mech Projects POMP.NS, respectively

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Sept 19 (Reuters) - Power Mech Projects Ltd POMP.NS:

• GETS ORDER WORTH 8.65 BILLION RUPEES

Source text for Eikon: ID:nBSE3WScK1

Further company coverage: POMP.NS

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** Shares of Power Mech Projects POMP.NS gain 6% to record high of 6,770 rupees

** Construction co approves bonus share issue in 1:1 ratio

** YTD stock has jumped ~57%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

Aug 22 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS - TO ISSUE BONUS SHARES IN RATIO OF 1:1

Source text for Eikon: ID:nBSE117wL1

Further company coverage: POMP.NS

(Reporting by VijayDattaram Malkar)

(([email protected];))

** Shares of Power Mech Projects POMP.NS rise 2.2% to 5,790 rupees

** Engineering and construction co secures an order worth 1.14 bln rupees ($13.58 mln) from Coastal Energen Private

** Order pertains to operation and maintenance of a coal-based thermal power plant in Tamil Nadu state

** Order to be executed within 12 months

** Stock up 35% so far this year, according to stock exchange data

($1 = 83.9475 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Aug 14 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS - TO CONSIDER PROPOSAL FOR ISSUE OF BONUS SHARES

Further company coverage: POMP.NS

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Aug 12 (Reuters) - Power Mech Projects Ltd POMP.NS:

• JUNE-QUARTER CONSOL NET PROFIT 601.3 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 10.07 BILLION RUPEES

Source text for Eikon: ID:nBSE9sLPyT

Further company coverage: POMP.NS

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July 22 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS - REVISED ESTIMATES FOR CONSTRUCTION OF UTTARAKHAND COLLEGE AT 5.94 BILLION RUPEES

Source text for Eikon: ID:nBSE71z273

Further company coverage: POMP.NS

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July 18 (Reuters) - Power Mech Projects Ltd POMP.NS:

• RECEIPT OF ORDER WORTH 2.1 BILLION RUPEES

Source text for Eikon: ID:nBSEbSf6NB

Further company coverage: POMP.NS

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May 29 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS LTD - GETS ORDER WORTH 5.63 BILLION RUPEES

Source text for Eikon: ID:nBSE5wGpgx

Further company coverage: POMP.NS

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May 20 (Reuters) - Power Mech Projects Ltd POMP.NS:

• DIVIDEND 2 RUPEES PER SHARE

• MARCH-QUARTER CONSOL PAT 844.1 MILLION RUPEES VERSUS 745.7 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 13.02 BILLION RUPEES VERSUS 11.74 BILLION RUPEES

Further company coverage: POMP.NS

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April 18 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS LTD - GETS ORDER WORTH 2.32 BILLION RUPEES

Source text for Eikon: ID:nBSE4c5LxF

Further company coverage: POMP.NS

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March 14 (Reuters) - Power Mech Projects Ltd POMP.NS:

• GETS ORDER WORTH 3.06 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: POMP.NS

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** Shares of Power Mech Projects Ltd POMP.NS rise as much as 3.7% to 5,398 rupees

** Engineering co says it got order worth 3.96 bln rupees ($47.8 mln) for construction of electrified railway line in the state of Chhattisgarh

** Stock on track to gain for fourth straight day and month

** Stock trading above its 200-day simple moving avg since Aug 4, 2022

** POMP last up 2.5%, driving YTD gains of ~24%

($1 = 82.8775 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

Feb 26 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS LTD - GETS ORDER WORTH 3.96 BILLION RUPEES

Source text for Eikon: ID:nBSE6MG1D8

Further company coverage: POMP.NS

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Feb 13 (Reuters) - Power Mech Projects Ltd POMP.NS:

• POWER MECH PROJECTS LTD DEC-QUARTER CONSOL NET PROFIT 615.2 MILLION RUPEES VERSUS 506.2 MILLION RUPEES

• POWER MECH PROJECTS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.07 BILLION RUPEES VERSUS 9.09 BILLION RUPEES

Source text for Eikon: ID:nBSE302YV7

Further company coverage: POMP.NS

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** Shares of Power Mech Projects POMP.NS rise as much as 3.8% to hit a record high of 5,122.25 rupees

** Engineering and construction co said it has won orders worth 6.45 bln rupees ($77.6 mln)

** Stock on track for a third consecutive session of gains, if trend holds

** POMP was up for the seventh straight quarter in the Dec quarter

** Trading vol 1.7x the 30-day daily avg

** POMP up 116.3% in 2023, its third straight year of gains

** POMP up ~19% so far in 2024

($1 = 83.1375 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Jan 8 (Reuters) - Power Mech Projects Ltd POMP.NS:

• RECEIPT OF ORDER WORTH 8.25 BILLION RUPEES

Source text for Eikon: ID:nBSE4Yw5JN

Further company coverage: POMP.NS

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** Shares of engineering and construction co Power Mech Projects POMP.NS rise as much as 7.7% to 4,468.8 rupees, the highest level since Sept. 12

** POMP says it has new orders worth 21.92 Billion rupees ($263.7 million)

** Stock of POMP sees steepest intraday pct climb since Sept. 11, on track for sixth consecutive session of gains

** Trading volumes at 6x the 30-day avg, crossing 100,000 shares level after three months

** POMP up ~109.5% so far this year, set for third consecutive yearly gains

($1 = 83.1380 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

(([email protected];))

Dec 28 (Reuters) - Power Mech Projects Ltd POMP.NS:

• J. SATISH RESIGNS AS CFO

• NAMES NANI ARAVIND NALLAMOTHU AS CFO

Source text for Eikon: [ID:]

Further company coverage: POMP.NS

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** Order momentum for Indian engineering, procurement and construction (EPC) companies could moderate from Q4 - India Ratings and Research

** Order award activity has halved in 7 months of FY24 in highway sector, India Ratings says; flags, overall awards could undershoot expectations in FY24

** Says lull setting in due to general elections, potentially lowering revenue visibility for FY25

** Road sector could face muted revenue growth in 2HFY24, while margins may ease from historical averages on competitive pressure - India Ratings

** Adds, fourth-quarter operations could be hit by unavailability of adequate labour amid elections

** Says EPC sector EBITDA margins to improve in H2; gains limited to 30-40 bps for FY, versus initial expectation of 100 bps

(Reporting by Sethuraman NR)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Oct 31 (Reuters) - Bharat Heavy Electricals Ltd BHEL.NS:

• RECEIVED AWARD WORTH 3.55 BILLION RUPEES FROM BHARAT HEAVY ELECTRICALS

Source text for Eikon: ID:nBSE9rl3F9

Further company coverage: BHEL.NS

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