Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
POWERMECH · price
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Awaiting price reaction for this filing.
Power Mech Projects has won a ₹971.98 crore (excluding GST) order from Telangana Power Generation Corporation Limited (TGGENCO), a state government-owned power company. The work involves soil investigation, engineering, design and construction of an integrated township at the Yadadri Thermal Power Station in Nalgonda district, Telangana. The scope includes residential quarters, hospital, school, club house, sports complex, roads, water systems, street lighting, and other infrastructure facilities. The project is to be completed in 30 months from the date of site handover. The order has been awarded by a domestic entity, is not a related party transaction, and no promoter group interest is involved.
This is a significant order, likely contributing a meaningful share to Power Mech's annual revenue, providing strong order book visibility and revenue support over the next 2-3 years. The award from a state PSU reinforces the company's credentials in power sector infrastructure and should be viewed positively by investors.