Power Mech Projects Secures ₹227.95 Cr Order for Vande Bharat Maintenance Depot

Synopsis: Power Mech Projects Limited has secured a significant domestic order worth Rs. 227.95 crore from South Western Railway. This project involves building a maintenance depot for Vande Bharat Sleeper trains in Karnataka under the EPC mode.

On April 27, 2026, Power Mech Projects Limited announced that it obtained a contract from South Western Railway in Bangalore. The project centers around the development of a Vande Bharat Sleeper Trains Maintenance Depot at Thanisandra (THSA), located between the Channasandra and Yelahanka stations in Karnataka. This project is an important part of India’s rail infrastructure, specifically supporting the next generation of high-speed sleeper transit.

The contract is awarded on an Engineering, Procurement, and Construction (EPC) basis, with a total value of Rs. 227.95 crore, including GST. The company is expected to complete the entire work scope within 30 months from the start date. This order enhances Power Mech’s portfolio in civil construction and railway infrastructure.

Following the announcement, shares of Power Mech Projects showed stability in early trading on April 28, 2026. The stock was trading at Rs. 2,500.20, up slightly by 0.41% from its previous close. The stock opened at Rs. 2,515.00 and hit an intraday high of Rs. 2,523.70.

The company has experienced notable volatility recently, with its price movement exceeding 36.73% over the past month. Nevertheless, it remains a strong long-term investment, delivering an impressive 782.91% return over the last five years. With a market capitalisation of around Rs. 7,904 crore and a P/E ratio of 20.26, the company continues to capture investor interest within the Nifty Microcap 250 index.

About the Company

Power Mech Projects Limited is a leading infrastructure construction firm in India. While it built its reputation in the power sector by providing integrated services for the erection, testing, and commissioning of boilers and turbines, it has successfully expanded into civil works, railways, and industrial construction. The company’s specialised skills in large-scale EPC projects make it a crucial partner in India’s ongoing infrastructure development.

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