Power Mech Secures Rs 2,662.6 mn O&M Contract For Adani Plant

10 Jun 2026 CW Team

The scope covers operations and maintenance under key performance indicators for the twin-unit plant and will run for 60 months from 01 July 2026 to 30 June 2031. The arrangement does not constitute a related party transaction, and the promoter and promoter group companies have no interest in the awarding entity. The contract is classified as a domestic order.

Power Mech Projects is an engineering and construction company that offers integrated services in erection, testing and commissioning (ETC) of boilers, turbines and generators, balance of plant work, civil works and operation and maintenance services across power, infrastructure and industrial sectors. The firm will apply its ETC and O&M capabilities to meet the KPI thresholds stipulated by the client. The engagement is expected to involve routine maintenance, performance optimisation and regulatory compliance activities.

In the quarter ended 31 March 2026, the company reported a 21.6 per cent increase in consolidated net profit to Rs 1,425.5 million (Rs 1,425.5 mn) from the corresponding period a year earlier, and revenue from operations rose 13.89 per cent to Rs 21,107.3 million (Rs 21,107.3 mn). Share trading reflected a modest positive reaction with the stock rising 0.55 per cent to Rs 25,013.10 on the BSE. Management stated that the contract will support recurring revenue and operational presence in Maharashtra.

The contract will be implemented through the company's existing operations team and will be monitored under the KPI framework for the duration of the agreement. The award reinforces the company's O&M credentials in the domestic thermal power segment.

Power Mech Projects has secured a KPI-based operations and maintenance contract from Adani Infrastructure Management Services for a two 300 Megawatt (MW) thermal power plant at Butibori in Maharashtra. The domestic deal has a total value of Rs 2,662.6 million (Rs 2,662.6 million) and will be executed at arm's length. The company will provide services under a performance-linked framework. The scope covers operations and maintenance under key performance indicators for the twin-unit plant and will run for 60 months from 01 July 2026 to 30 June 2031. The arrangement does not constitute a related party transaction, and the promoter and promoter group companies have no interest in the awarding entity. The contract is classified as a domestic order. Power Mech Projects is an engineering and construction company that offers integrated services in erection, testing and commissioning (ETC) of boilers, turbines and generators, balance of plant work, civil works and operation and maintenance services across power, infrastructure and industrial sectors. The firm will apply its ETC and O&M capabilities to meet the KPI thresholds stipulated by the client. The engagement is expected to involve routine maintenance, performance optimisation and regulatory compliance activities. In the quarter ended 31 March 2026, the company reported a 21.6 per cent increase in consolidated net profit to Rs 1,425.5 million (Rs 1,425.5 mn) from the corresponding period a year earlier, and revenue from operations rose 13.89 per cent to Rs 21,107.3 million (Rs 21,107.3 mn). Share trading reflected a modest positive reaction with the stock rising 0.55 per cent to Rs 25,013.10 on the BSE. Management stated that the contract will support recurring revenue and operational presence in Maharashtra. The contract will be implemented through the company's existing operations team and will be monitored under the KPI framework for the duration of the agreement. The award reinforces the company's O&M credentials in the domestic thermal power segment.

Resources

10 Jun 2026

Modis Navnirman Appointed For Neel Kiran CHSL Redevelopment

Modis Navnirman (MNL) has been appointed as the developer for the redevelopment of Neel Kiran Co-operative Housing Society Ltd in Khar West, Mumbai, following a selection process in which members chose MNL as their preferred partner. The appointment will add approximately Rs two point five billion (Rs two point five bn) to the company's Gross Development Value pipeline and strengthen its focus on redevelopment and urban renewal projects across the Mumbai Metropolitan Region. The project site is a landmark residential society in Khar West, and the selection reflects members' preference for a pa..

Infrastructure Energy

10 Jun 2026

Diamond Power Commissions Eighth MV and EHV Cable Line

Diamond Power Infrastructure (DPIL) has commissioned its eighth Medium Voltage (MV) and Extra High Voltage (EHV) power cable production line at its manufacturing facility in Vadodara, Gujarat. The new line enhances the company's manufacturing capacity in the technologically advanced MV and EHV underground power cable segment. This segment supplies cables for power transmission networks, power generation projects and renewable energy evacuation systems. The development is presented as a step to meet evolving infrastructure needs. The MV and EHV cables produced at the Vadodara facility serve urb..

Infrastructure Urban

10 Jun 2026

Varroc And TOLYY Partner To Localise Digital Cockpit Supply

Varroc Engineering Limited has signed a strategic cooperation agreement with TOLYY Optronics Co., Ltd (TOLYY) to localise and supply next-generation digital cockpit solutions for passenger and commercial vehicle platforms. TOLYY will supply integrated display modules including display panels, backlight units, touch interfaces, enclosures and electronic control units, and will also provide screen-only units for local final assembly in India. Varroc will manage integration, validation and manufacturing of the display solutions for targeted vehicle applications. The collaboration pairs TOLYY's di..