Power Mech Projects Limited
HSBC Mutual Fund increased its stake in Power Mech Projects Limited from 2.69% to 3.05%, buying 113,460 shares. The current value of their holding is approximately ₹25.7 Cr based on the share price of ₹2616.70.
An engineering and construction company providing integrated services in the erection, testing and commissioning of boilers, turbines and generators for thermal power projects. The company specializes in balance of plant work, civil construction and operation and maintenance services. It undertakes ultra mega power projects, super critical thermal power projects and sub critical power installations across India.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.