Power Mech Shares Soar 6% on Securing Order From Adani Infra
Shares of Power Mech Projects Ltd were trading 6% higher on 17 March after the company announced securing a contract worth Rs 709.56 crore for a 5×660 megawatt (Mw) thermal power plant in Tiroda, Maharashtra from Adani Infrastructure Management Services. Adani Infrastructure Management Services Ltd. has awarded Power Mech Projects... The post Power Mech Shares Soar 6% on Securing Order From Adani Infra appeared first on Equitypandit.
Shares of Power Mech Projects Ltd were trading 6% higher on 17 March after the company announced securing a contract worth Rs 709.56 crore for a 5×660 megawatt (Mw) thermal power plant in Tiroda, Maharashtra from Adani Infrastructure Management Services.
Adani Infrastructure Management Services Ltd. has awarded Power Mech Projects a Rs 709.56 crore contract for operations and maintenance, as per an exchange filing. The contract is for key performance indicator (KPI)-based operations and maintenance services, including overhauling, at a 5×660 megawatt thermal power plant in Tiroda, Maharashtra.
The scope of work under the agreement includes full plant operations and maintenance services, as specified in the tender documents and subsequent clarifications supplied by the parties.
The project was granted by a domestic organization and will last 60 months, beginning April 1, 2026 and concluding 31 March 2031. The contract value is Rs 709.56 crore, including all taxes and levies excluding GST.
Power Mech received over Rs 1,000 crore in domestic orders from Adani Power Ltd subsidiaries, as reported in an exchange filing. The company received orders for Rs 515 crore from Mirzapur Thermal Energy (UP) Private Limited and Rs 490 crore from Mahan Energen Limited.
In Q3FY26, Power Mech Projects’ consolidated net profit increased by 14.6% year on year to Rs 93.99 crore, up from Rs 82.03 crore in the same quarter the previous year. For the quarter ending December 31, 2025, revenue from operations increased by 6.1% year on year to Rs 1,419.56 crore, up from Rs 1,337.97 crore the previous year.
At 1:20 pm, the shares of Power Mech were trading 2.54% higher at Rs 1,924.20 on NSE.
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The post Power Mech Shares Soar 6% on Securing Order From Adani Infra appeared first on Equitypandit.
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