Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
POWERMECH · price
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Power Mech Projects has won orders from Bihar State Power Generation Company Limited (BSPGCL) to set up grid-connected distributed solar power plants under the PM-KUSUM Component C2 Scheme (Feeder Level Solarization). The projects will be developed at three locations in Bihar — Rajoun (4.221 MW), Sakahara (4.285 MW), and Sambhuganj (5.155 MW) — totaling 13.66 MW (AC) capacity. The total estimated revenue over the 25-year PPA is approximately ₹159 Crores (split as ~₹48.29 Cr, ~₹49.02 Cr, and ~₹61.78 Cr per location). The scope includes design, supply, installation, commissioning, and O&M on a BOO (Build, Own, Operate) basis, with a 12-month execution timeline and central/state government subsidies applicable.
This is a positive development, adding a visible revenue stream of ~₹159 Crores over 25 years and reinforcing Power Mech's presence in the solar EPC and RESCO space. With execution required in 12 months, near-term cash flows should see a modest boost, though the longer 25-year PPA provides annuity-like visibility. Stock sentiment may turn mildly positive, but the order size needs to be weighed against the company's overall order book and revenue base.