Power Mech Projects Secures Over ₹1,000 Cr Orders from Adani Power Subsidiaries

Power Mech Projects Limited has won large-scale orders aggregating more than ₹1,000 crore (excluding GST and other applicable taxes/cess) from subsidiaries of Adani Power Limited.

Project Details

The contracts were awarded by:

Mirzapur Thermal Energy (UP) Private Limited (CIN: U40300GJ2010PTC117810) for ₹515 crore.

Mahan Energen Limited (CIN: U40100GJ2005PLC147690) for ₹490 crore.

Both are domestic entities, with scope covering onsite services for Erection, Testing, Commissioning, and manpower assistance for Performance Guarantee Test of Steam Generator (SG) Package A and Steam Turbine Generator (STG) Package B, including auxiliaries.

Key Contract Terms

Mirzapur Phase-I: For Units 1 and 2 of the 2x800 MW Ultra Supercritical Thermal Power Project.

Mahan Phase-III: For Units 1 and 2 of the 2x800 MW Ultra Supercritical Thermal Power Project.

Execution Timeline: Within 36 months from the Notice to Proceed (NTP) erection start date.

These orders highlight Power Mech Projects' expertise in thermal power EPC services and strengthen its order book in high-capacity ultra-supercritical projects.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 2178.50 as compared to the previous close of Rs. 2086.85. The total number of shares traded during the day was 9042 in over 1549 trades.

The stock hit an intraday high of Rs. 2203.00 and intraday low of 2106.00. The net turnover during the day was Rs. 19664112.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 OrderWin AdaniPower