Power Mech Secures Rs 5.5 Billion in O&M Contracts

17 Jul 2025 CW Team

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 Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..