Power Mech Projects Limited has informed the Exchange regarding a press release dated January 08, 2026, titled "Awarded BESS order from West Bengal State Electricity Distribution Company Establishing of 1 GWh BESS with additional Greenshoe option for a further 1 GWh Revenues of Rs. 1,563 Cr (Rs. 3,126 Cr including Greenshoe option) ".
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Power Mech Projects' wholly owned subsidiary PM Green Private Limited has won a Battery Energy Storage System (BESS) contract from West Bengal State Electricity Distribution Company (WBSEDCL). The base order covers 250 MW / 1,000 MWh (1 GWh) at Goaltore Substation in Paschim Midnapore, with an additional greenshoe option for another 250 MW / 1,000 MWh at Durgapur. The project follows a Build-Own-Operate (BOO) model with a 100% off-take guarantee from WBSEDCL, an 18-month construction window, and a 15-year contract duration extendable by 5 years. Total revenue potential is Rs. 1,563 Cr for the base order and Rs. 3,126 Cr if the greenshoe is exercised. This marks PM Green's debut in the energy storage segment and Power Mech's formal entry into the BESS vertical.
This is a significant order win that opens a new high-growth vertical (energy storage) for Power Mech and provides long-term revenue visibility of 15+ years under a government-backed off-take arrangement. Likely to be viewed positively by the market as it signals diversification beyond traditional EPC and O&M businesses.