Power Mech Projects Limited — Others, 15-05-2025: Monitoring Agency Report

Power Mech Projects Ltd has announced a board meeting. The company has utilized Rs. 103.40 crore from the Rs. 350 crore raised via QIP towards loan prepayment and corporate purposes. Rs. 240 crore is allocated for the coal washery installation expected by FY26, with Rs. 21.94 crore spent so far. Unutilized funds of Rs. 218.06 crore are parked in fixed deposits earning over 8% interest. A Rs. 20 crore loan repayment has been fully completed on time. Despite some project delays, funds remain securely invested to support growth plans.