Power Mech bags 266 Cr O&M order from Adani for Butibori thermal plant

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POWERMECH · price

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹2505.00

prior close

₹2477.30

announcement price

In-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+0.3% vs market

Civil Construction peers, median of 97sector-1.1%+1.7% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 1.7 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+0.6+0.2+0.3-1.1+1.7

Next day

+4.9+1.1+3.8-0.8+5.6

+4.0+1.1+2.9-0.7+4.7

-1.0-0.9-0.1-2.5+1.5

+1.8+1.0+0.8-1.6+3.4

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+11.3+1.4+9.9-0.2+11.4

15d

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+4.6+7.1-2.6+0.2+4.4

+3.8+8.0-4.2-2.6+6.3

-4.0+11.2-15.2-5.9+1.9

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Power Mech Projects has secured a 266.26 crore order from Adani Infrastructure Management Services for operations and maintenance of a 2x300MW thermal power plant at Butibori, Maharashtra. The contract runs for 60 months from July 2026 to June 2031. It is a domestic order with no related party or group company involvement, and excludes GST.

Likely market impact

Five-year O&M contract adds steady long-term revenue visibility; positive for order book though it is a routine services deal.