India's Power Mech Projects hits record high on order win from Adani
18/08/2022 06:05
** Shares of infrastructure construction co Power Mech
Projects POMP.NS rise as much as 7.8% to hit an all-time high
of 1,240 rupees
** POMP says it got an order for 5 Flue Gas Desulphurization
(FGD) projects worth 61.63 bln rupees ($773.64 mln) from Adani
Group urn:newsml:reuters.com:*:nFWN2ZT5LH
** Order is for 15 FGD retrofits to coal-based units, whose
sizes range between 330 MW and 660 MW - POMP (https://bityl.co/Dskm)
** More than 196,000 shares change hands by 0430 GMT vs 4.6x
30-day avg of 42,916
** Stock up 22.6% YTD up to last close
($1 = 79.6625 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))