Power Mech wins Rs 296 Crore Mumbai Monorail O&M contract

POWERMECH · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.7%1-day move

₹2080.70

prior close

₹2209.00

base price

In-mkt

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AI summary

Power Mech Projects has secured a Rs 296 Crore (excluding GST), 5-year Operations & Maintenance contract from Maha Mumbai Metro Operation Corporation (MMMOCL) for the Mumbai Monorail. The scope covers the 19.54 km corridor with 17 stations from Sant Gadge Maharaj Chowk to Chembur, including operating new rolling stock and an upgraded CBTC signaling system. This marks PMPL's entry into the urban mobility sector, leveraging its existing power plant O&M expertise. Mumbai Monorail has been operational since 2014 and is India's only straddle monorail.

Likely market impact

Positive — adds Rs 296 Cr to order book, diversifies into urban transit O&M, and strengthens revenue visibility over 5 years.