India's Power Mech Projects jumps on $100 mln order win
08/01/2024 09:01
** Shares of Power Mech Projects POMP.NS rise as much as
3.92% to 4,511 rupees
** Engineering and construction company wins order worth
8.25 bln rupees ($99.27 mln) for thermal power project in Madhya
Pradesh state
** Order to be completed over a period of 22 to 33 months
** Stock set for gains after three straight sessions of
losses, rose for eighth consecutive qtr in Dec-qtr
** Trading volume is 82,914 shares as of 2:17 p.m. IST, 2.4x
the 30-day avg - LSEG data
** POMP up 116.33% in 2023, its third consecutive year
of gains
($1 = 83.1058 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))