Power Mech Projects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
POWERMECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Power Mech Projects has secured two domestic orders for operation and maintenance of thermal power plants. The larger order worth ₹498.39 crores is from SJVN Thermal (a government PSU) for commissioning support and O&M of the 2x660 MW Buxar Thermal Power Project in Bihar over 39 months. The second order worth ₹52.96 crores is from Jhabua Power Limited (a joint venture of NTPC) for O&M of a 1x600 MW unit in Madhya Pradesh over 3 years. Combined order value is ₹551.35 crores. Both orders are from government-owned entities and neither involves related party transactions. The company has no promoter interest in the awarding entities.
This is a positive development — the combined order book addition of over ₹551 crores strengthens revenue visibility for the next 3 years, with both orders coming from creditworthy government-linked clients, reducing execution risk.