Power Mech Projects Bags ₹266 Crore O&M Order from Adani Group for Butibori Thermal Plant

Engineering and construction major Power Mech Projects Limited has announced a significant domestic business win in the power services sector. The company disclosed that it has secured a long-term operations and maintenance (O&M) contract from Adani Infrastructure Management Services Limited, a division of the Adani Group.

The total consideration for the order stands at ₹266.26 Crores (exclusive of Goods & Services Tax). This contract reinforces Power Mech's position as a preferred partner for large-scale utility asset management in India.

Scope of Work and Execution Timeline

The contract outlines a performance-driven service framework for reliable power generation management in Maharashtra:

Project Nature: A Key Performance Indicator (KPI) based contract for comprehensive Operations and Maintenance services.

Asset Specification: The mandate covers the 2x300MW Thermal Power Plant located at Butibori, Maharashtra, India.

Execution Period: The contract spans a total duration of 60 months (5 years). It is scheduled to commence on July 1, 2026, and run through June 30, 2031.

Shares of Power Mech Projects Limited was last trading in BSE at Rs. 2522.15 as compared to the previous close of Rs. 2489.45. The total number of shares traded during the day was 6618 in over 708 trades.

The stock hit an intraday high of Rs. 2542.75 and intraday low of 2468.00. The net turnover during the day was Rs. 16559694.00.

Source : Equity Bulls

Keywords

PowerMechProjects INE211R01019 OrderWin