POWER MECH PROJECTS LTD.

Provides engineering, procurement and construction (EPC) and operations & maintenance (O&M) services primarily to India's power sector. Core work is civil, structural and Balance of Plant (BOP) construction for thermal power plants — clients referenced include NTPC, BHEL, JSW, Adani and Singareni — alongside operations and maintenance contracts across thermal and metro rail. FY26 consolidated revenue was INR 6,061.57 crore with a 12.38% EBITDA margin and INR 411.68 crore net profit. End-FY26 order backlog stood at INR 55,151 crore, of which INR 15,899 crore was flagged as executable (excluding the MDO book), giving multi-year revenue visibility; FY26 order inflow was INR 7,210 crore versus a INR 10,000 crore target, the shortfall caused by cancellation of a INR 1,563 crore West Bengal BESS order. The company has expanded into mine development and operations (MDO) at the KBP and SAIL mines, guided to deliver INR 500 crore in FY27 and INR 1,250 crore in FY28, and into metro rail O&M via a INR 279 crore Mumbai Monorail contract. International operations include around 1,500 staff in the Middle East and an O&M push into West Africa (Nigeria, Senegal, Liberia). FY27 guidance points to 21% revenue growth, a 12.5% EBITDA margin and INR 12,000 crore of new orders; operating cash flow was INR 430 crore in FY26. The largest cost line is other operating expenses at 61.6% of revenue, with materials at 14.3% and employees at 12.5%.