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Power Mech bags Rs 9,294 cr contract from Central Coalfields Ltd

29 Jun 2021

Power Mech Projects Ltd on Monday said it has bagged a Rs 9,294 crore contract from Coal India arm CCL to develop and operate a mine.
 
The project has been awarded to a consortium of Power Mech and AMR India Ltd. Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26 per cent stake.
 
"Power Mech...has been awarded a Mine Development & Operation (MDO) project from Central Coalfields Ltd (CCL), a subsidiary of Coal India Ltd, aggregating to Rs 9,294 crore over the contract period," Power Mech said in a statement.
 
Source : https://energy.economictimes.indiatimes.com/news