Power Mech Projects receives LoA for work orders
The work at Bhind district involves mining for 75 lakh cum of sand
Power Mech Projects has received letters of award (LoAs) for two work orders and emerged the lowest bidder (L1) for a separate work order. The cumulative cost of the work orders is Rs 1,507 crore.
The company has received LoA for sand mining contract from the Madhya Pradesh State Mining Corporation at two different locations. The work at Sehore district involves mining for 60 lakh cum of sand over a period of 30 months at a cost of Rs 272 crore. The Sehore Belt consists of 30 sand mines/ quarries at different locations in the district.
The work at Bhind district involves mining for 75 lakh cum of sand over a period of 30 months at a cost of Rs 205 crore. The Bhind belt consists of 75 sand mines/quarries at different locations in the district.
The second LoA has been awarded for civil and architectural works of coal handling plant (CHP) area of all units five x 800 MW at Yadadri Thermal Power Plant at Nalgonda district in Telangana for a contract price of Rs 290 crore with execution period of 26 months.
Power Mech Projects as leader of consortium has joined hands with Pune-based Thyssenkrupp Industries India and has been placed as L1 bidder for the EPC tender invited by NMDC on turkey basis for the proposed 12 million tpa installation of the third screening and crushing plant of iron ore at Kirandul in Chhattisgarh.
The value of the work is Rs 1,229 crore excluding taxes and the share of Power Mech Projects is Rs 740 crore around 60% as leader in the consortium. The contract is to be executed in a period of 33 months.