Shares of Power Mech Projects Ltd rallied 5% on 1 January after the company secured an order from Adani Power worth Rs 294 crore. 

In its regulatory filing, the company said, “We are delighted to announce that our Company has secured a Rs 294 Crore (excluding GST and an incentive amount of Rs 1.25 crore per unit after achieving the Synchronization within stipulated time) order from Adani Power Limited (APL) for Overhauling services, condition assessment, Erection, Testing, Commissioning and manpower assistance for Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator (STG) and its Auxiliaries for Unit 3 and 4 of 2×660 MW Korba Phase-II Thermal Power Project.”

Last week, the company secured a Rs 186 crore order from Jaiprakash Power Ventures to deliver field operation and maintenance services for the 2 x 660 MW Jaypee Nigrie Super Thermal Power Plant in Madhya Pradesh over five years.

The company specializes in erection, operation and maintenance services, as well as civil works, providing comprehensive solutions for the power and infrastructure sectors.

Power Mech Projects is a prominent integrated power infrastructure services provider in India, offering a wide range of specialized solutions. Its expertise includes the erection, testing, and commissioning of boilers, turbines, and generators (ETC-BTG), balance of plant (BOP) works, civil construction, and operation and maintenance (O&M) services.

The company operates through three core business verticals: Erection Works, Operation & Maintenance Services, and Civil Works, delivering comprehensive, end-to-end solutions tailored to the power and infrastructure sectors.

At 3:30 pm, the shares of Power Mech closed 5.74% higher at Rs 2,715.10 on NSE.

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