Power Mech Projects jumps 20% after bagging SAIL mine contract
COAL & MINING

Power Mech Projects jumps 20% after bagging SAIL mine contract

The share price of Power Mech Projects had surged by 20%. The company revealed that they had secured a mine development contract valued at Rs 304.38 billion from Steel Authority of India (SAIL).

Power Mech Projects had been granted the mine development and operation (MOO) project situated in Jharia Coal Fields, Ohanbad in Jharkhand. The concession period for the mine, which includes two years for development, will span 28 years.

The awarded project encompasses substantial coal extraction reserves of 96.78 MT, with an annual capacity of 4 MTPA. Additionally, over 535.29 MBCM of overburden removal is expected during the project period.

A consortium comprising Power Mech Projects (PMPL) and PC Patel Infra has been entrusted with the project. PMPL leads the consortium and holds a 74% equity stake, while PC Patel Infra holds the remaining 26% stake. To undertake the project, a special purpose vehicle (SPV) will also be established.

Also read: 
Experion Capital Invests INR 2 Billion in Gurugram Luxury Project  
Tripura unveils ambitious plan: 500 MW Solar Power by 2030  


The share price of Power Mech Projects had surged by 20%. The company revealed that they had secured a mine development contract valued at Rs 304.38 billion from Steel Authority of India (SAIL). Power Mech Projects had been granted the mine development and operation (MOO) project situated in Jharia Coal Fields, Ohanbad in Jharkhand. The concession period for the mine, which includes two years for development, will span 28 years. The awarded project encompasses substantial coal extraction reserves of 96.78 MT, with an annual capacity of 4 MTPA. Additionally, over 535.29 MBCM of overburden removal is expected during the project period. A consortium comprising Power Mech Projects (PMPL) and PC Patel Infra has been entrusted with the project. PMPL leads the consortium and holds a 74% equity stake, while PC Patel Infra holds the remaining 26% stake. To undertake the project, a special purpose vehicle (SPV) will also be established. Also read:  Experion Capital Invests INR 2 Billion in Gurugram Luxury Project  Tripura unveils ambitious plan: 500 MW Solar Power by 2030  

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?