Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
POWERMECH · price
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On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 1.6 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Power Mech Projects has bagged a ₹370.84 crore order (excluding GST and BOCW Cess) from Mahan Energen Limited, a subsidiary of Adani Power Limited. The work involves civil works and erection of prefabricated structural steel for BTG Unit 1 & 2 of the Mahan Phase-III project — a 2 x 800 MW thermal power plant in Singrauli, Madhya Pradesh. The scope covers the main powerhouse, central control building, ESP, FGD, limestone handling system, switchyard, and related ancillaries. The order is domestic in nature, with no promoter or related party interest involved. Execution timeline is 30 months from the date of the Notice to Proceed.
The order adds meaningful revenue visibility for the next 2.5 years and strengthens Power Mech's position in the power infrastructure segment, with an Adani group association likely to be viewed positively by the market.