Power Mech Projects jumps 20% after bagging SAIL mine contract

01 Aug 2023 CW Team

The share price of Power Mech Projects had surged by 20%. The company revealed that they had secured a mine development contract valued at Rs 304.38 billion from Steel Authority of India (SAIL).

Power Mech Projects had been granted the mine development and operation (MOO) project situated in Jharia Coal Fields, Ohanbad in Jharkhand. The concession period for the mine, which includes two years for development, will span 28 years.

The awarded project encompasses substantial coal extraction reserves of 96.78 MT, with an annual capacity of 4 MTPA. Additionally, over 535.29 MBCM of overburden removal is expected during the project period.

A consortium comprising Power Mech Projects (PMPL) and PC Patel Infra has been entrusted with the project. PMPL leads the consortium and holds a 74% equity stake, while PC Patel Infra holds the remaining 26% stake. To undertake the project, a special purpose vehicle (SPV) will also be established.

Also read:
Experion Capital Invests INR 2 Billion in Gurugram Luxury Project
Tripura unveils ambitious plan: 500 MW Solar Power by 2030

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..