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 0.9 pts more than Nifty Microcap 250 and 1.1 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.
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Power Mech Projects has secured a large-scale operations and maintenance (O&M) order from Adani Infrastructure Management Services Limited, part of the Adani Group. The contract covers KPI-based O&M services including overhauling at Adani's 5x660MW Thermal Power Plant at Tiroda, Maharashtra. The order is valued at ₹709.56 Crores (inclusive of taxes and duties but excluding GST) and spans 60 months, running from April 1, 2026 to March 31, 2031. The order has been awarded by a domestic entity and is not a related party transaction, with no promoter interest involved. The 5-year tenure provides strong multi-year revenue visibility for the company.
This sizable order strengthens Power Mech's order book and provides earnings visibility for the next five years, likely to be viewed positively by the market. The long-tenure O&M contract with a marquee client like Adani also signals operational credibility and could support steady cash flows.