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Power Mech Projects Limited Capital/Financing Update 2021
60676_rns_2021-06-28_1bbb7686-bec9-42d5-9da4-d1000edb8d68.pdf
Capital/Financing Update
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Date:28.06.2021
To Corporate Relations Department BSE Limited, P.J.Towers, Dalal Street, MUMBAI- 400001
To
National Stock Exchange India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E), MUMBAI-400051
Dear Sir/Madam,
Sub: Receipt of Order worth Rs.9,294.14 Crores
Ref: BSEScrip Code: 539302, NSESymbol: POWERMECH
We wish to inform you that the Company (Consortium of PMPL- AMR India) got awarded a project by Central Coal Fields Limited (A Miniratna Subsidiary Company of Coal India Limited) for the Development and Operationalization of Kotre Basantpur Pachmo Project, Jharkhand, in Mine Developer Cum Operator (MDO) mode for extraction of Coking Coal. Details of the Project are as under:
| Project | ContractValue(INR.InCr.) | ContractPeriod | Mine Reserve |
|---|---|---|---|
| Developmentand | 9,294.14Cr | 25 Years | 104.90 MT |
| Operationalizationof | |||
| KotreBasantpur | (Rupees Nine ThousandTwo | ||
| PachmoOpenCast | HundredNinetyFourand | ||
| ProjectinRamgarh | Crore Fourteen Lakhs Only) | ||
| andBokarodistricts, | |||
| Jharkhand |
This contract will be executed through KBP Mining Private Limited, a Special Purpose Vehicle (SPV), incorporated for the purpose of execution (with Power Mech Projects Limited holding 74% stake and AMR India Limited holding 26% stake). The details of the same are enclosed in Annexure-A
The Trading Window for all desiqnated persons as under "Power Mech- Insider Trading Policy" will be closed from 28.06.2021 to 30.06.2021 (both days inclusive).
This is for your information and for dissemination to the general public at large.
Sincerely, For ~ Projects Limited
Mohith Kumar Khandelwal Company Secretary
Encl:A/a
POWER MECH PROJECTS LIMITED
Regd. & Corporate Office: PlotNo. 77, JubileeEnclave,Opp.Hitex, Madhapur, Hyderabad.500081 Telangana, Indio M45709101N CIN : l74140TG1999PlC032156 'l
Phone :040.30444444 (lC~. Fax: 040-30444400 :. E-mail: [email protected] ' ,_ Website: www.powermechprojects.com -
Annexure-A
| S.No | Particulars | Details | |
|---|---|---|---|
| 1 | Nameofthetargetentity,details in | KBP MININGPRIVATE LIMITED | |
| briefsuchassize,turnover,etc | Date of Incorporation:11.03.2021 | ||
| AuthorizedCapital:Rs.1500,OOO/-dividedinto150,000equityshares ofRs. 10/-each. | |||
| Paid up Capital:Rs.l00,OOO/- dividedinto10,000equitysharesofRs.10/-each | |||
| 2 | Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestin theIfentityacquired?yes,natureofinterestanddetailsthereofandwhetherthesameisdoneat"armslenth" | This isa newlyincorporatedCompanyandtheoperationsareyettocommence.ThePromoterandPromoter Grouparenotinterestedinthe transaction. | |
| 3 | Industrytowhichtheentitybeingacquired belongs | NotApplicable.TheCompany isbeingincorporatedfortheofcarrinout theminin | |
| 4 | Objectsandeffectsofacquisition(includingbut not limitedto,disclosureofreasonsforacquisitionoftargetentity,ifitsbusinessis outsidethemainlineofbusiness ofthelistedentit | Not applicable | |
| 5 | Briefdetailsof anygovernmentalorregulatoryapprovalsrequiredfortheacuisition | Not Applicable. | |
| 6 | Indicativetimeperiodforcomletion of theacuisition | NotApplicable | |
| 7 | Natureofconsideration-whethercashconsiderationorshareswapand detailsof the same | SubscriptionofEquityShares againstincorporation oftheCompany. | |
| 8 | Cost ofacquisitionorthepriceatwhichthe shares are acuired | Rs.l00,OOO/-dividedinto10,000euitsharesofRs.l0/-Each | |
| 9 | Percentage ofshareholding/controlacquiredandlornumber of sharesacquired | M/s.Power Mech ProjectsLimited- 74%andM/s.AMRIndiaLimitedwouldbeholding26% | |
JAS-ANZ AN ISO 9001, ISO 14001 & OH5A5 18001 CERTIFIED COMPANY
Regd. & Corporate Office: Plot No. 77, Jubilee Enclave, Opp. Hitex, Madhapur, Hyderabad·500081 Telongana, India CIN : L74140TG 1999PLC032156
Phone : 040·30444444 Fax: 040-30444400 E-mail: [email protected] Website: www.powermechprojects.com
| 10 | Briefbackgroundabouttheentityacquiredintermsofproducts/lineofdateacquired,businessof3lastofhistoryincorporation,inwhichcountryturnover,yearspresenceentityhasacquiredthesignificantotherandanyinformation(in brief) | applicableNotincorporated | since | newly |
|---|---|---|---|---|
Sincerely, For ~h Projects Limited
Mohith Kumar Khandelwal Company Secretary
AN ISO 9001. ISO 14001 & OHSAS 18001 CERTIFIED COMPANY r-f,~~~:~-l POWER MECH PROJECTS LIMITED
Regd.& Corporate Office: Plot No. 77, JubileeEnclave,Opp. Hilex, Madhopur, Hyderobad-500081 Telangana. India M45709lD1N CIN: L74140TG1999PLC032156
P Fax hone : 040 040-30444444 -30444400 . E-mail: [email protected] ~ •• Z .., . Website: www.powermechprojects.com ~
