Power Mech Secures Rs 5.5 Billion in O&M Contracts
POWER & RENEWABLE ENERGY

Power Mech Secures Rs 5.5 Billion in O&M Contracts

Infrastructure services company, Power Mech Projects Limited, announced on Monday (14 July) that it has secured two operation and maintenance (O&M) contracts worth a total of Rs 5.5 billion (excluding taxes, duties, cess, and GST).

The first contract, valued at approximately Rs 5 billion, was awarded by SJVN Thermal (P) Ltd for commissioning support and comprehensive O&M of the 2 x 660 MW coal-based supercritical Buxar Thermal Power Project located at Chausa in Buxar district, Bihar. The execution period for this contract is 39 months.

The second order, worth Rs 530 million, was received from Jhabua Power Limited, a joint venture of NTPC Limited. It covers the O&M of the boiler, turbine, and generator for a 1 x 600 MW unit in Seoni district, Madhya Pradesh. This contract will run for three years, with a provision for a one-year extension.

Power Mech Projects also reported a 53.8 per cent year-on-year increase in net profit, reaching Rs 1.3 billion in the fourth quarter, up from Rs 844 million in the same period last year.

Revenue rose by 42.4 per cent to Rs 18.5 billion, compared to Rs 13 billion in Q4 FY24, driven by robust execution across core segments. The company’s EBITDA grew by 44.3 per cent to Rs 2.16 billion, with stable margins of 11.6 per cent, compared to 11.5 per cent a year earlier, highlighting effective cost controls.

Shares of Power Mech Projects Ltd closed at Rs 3,227.80 on the BSE, down Rs 82.30 or 2.49 per cent.


Infrastructure services company, Power Mech Projects Limited, announced on Monday (14 July) that it has secured two operation and maintenance (O&M) contracts worth a total of Rs 5.5 billion (excluding taxes, duties, cess, and GST).The first contract, valued at approximately Rs 5 billion, was awarded by SJVN Thermal (P) Ltd for commissioning support and comprehensive O&M of the 2 x 660 MW coal-based supercritical Buxar Thermal Power Project located at Chausa in Buxar district, Bihar. The execution period for this contract is 39 months.The second order, worth Rs 530 million, was received from Jhabua Power Limited, a joint venture of NTPC Limited. It covers the O&M of the boiler, turbine, and generator for a 1 x 600 MW unit in Seoni district, Madhya Pradesh. This contract will run for three years, with a provision for a one-year extension.Power Mech Projects also reported a 53.8 per cent year-on-year increase in net profit, reaching Rs 1.3 billion in the fourth quarter, up from Rs 844 million in the same period last year.Revenue rose by 42.4 per cent to Rs 18.5 billion, compared to Rs 13 billion in Q4 FY24, driven by robust execution across core segments. The company’s EBITDA grew by 44.3 per cent to Rs 2.16 billion, with stable margins of 11.6 per cent, compared to 11.5 per cent a year earlier, highlighting effective cost controls.Shares of Power Mech Projects Ltd closed at Rs 3,227.80 on the BSE, down Rs 82.30 or 2.49 per cent. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement