Power Mech Projects wins dual contracts for O&M, Sand Mining Ventures

28 Aug 2023 CW Team

Power Mech Projects has secured dual contracts totalling Rs 7.23 billion. Among these, one contract originates from Raichur Power Corporation (RPCL), involving operational and maintenance (O&M) responsibilities at Chikkasugur in the Raichur district of Karnataka.

This specific O&M project pertains to the 2x800 MW Yeramarus Thermal Power Station (YTPS), a coal-based facility in Karnataka. The contract's value is estimated at Rs 1.58 billion, and its completion is anticipated within a 36-month timeframe.

Additionally, a consortium consisting of Power Mech and Purvottar Mining and Trading has been granted a contract by the Madhya Pradesh State Mining Corporation (MSMCL) to serve as a mine developer-cum-operator (MDO) for sand mining activities. The designated regions for this venture are Narmadapuram-2, Raisen, and Narasingpur in Madhya Pradesh.

The aggregate value of this contract is Rs 5.65 billion, and the project's implementation is scheduled over three-year duration. Notably, the execution of these contracts will involve the establishment of special purpose vehicles (SPVs).

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