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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..