Power Mech Projects Limited
Bandhan Mutual Fund decreased its stake in Power Mech Projects Limited from 1.35% to 1.30%, selling 13,775 shares worth approximately ₹3.57 crore.
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.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.