Power Mech Projects Secures Orders Worth Over ₹1,000 Crore
Power Mech Projects secured orders exceeding ₹1,000 Crores from Adani Power subsidiaries. The contracts include erection, testing, and commissioning for thermal power projects. Orders are for Mirzapur Thermal Energy (₹515 Crores) and Mahan Energen (₹490 Crores), to be executed within 36 months.
The value of the new orders (over ₹1,000 Crores) represents a substantial addition to the company's order book, likely having a significant impact on its future revenue and profitability.
The company has secured significant new orders, which is a positive development for its business and financial outlook.
Power Mech Projects Limited has announced the securing of large-scale orders aggregating to over ₹1,000 Crores (excluding GST and other applicable taxes).
The orders have been awarded by subsidiaries of Adani Power Limited. Specifically, Mirzapur Thermal Energy (UP) Private Limited has awarded an order worth ₹515 Crores for Erection, Testing, Commissioning, and manpower assistance for the Performance Guarantee Test of Steam Generator (SG) and Steam Turbine Generator (STG) for Unit 1 and 2 of the 2x800 MW Mirzapur Phase-I Ultra Supercritical Thermal Power Project.
Additionally, Mahan Energen Limited has awarded an order worth ₹490 Crores for similar services for the 2x800 MW Mahan Phase-III Ultra Supercritical Thermal Power Project. The scope of work for both contracts involves onsite services for erection, testing, commissioning, and manpower assistance for the Performance Guarantee Test of Steam Generator and Steam Turbine Generator and their auxiliaries.
Both entities awarding the contracts are domestic. The time period for execution of these orders is within thirty-six (36) months from the required erection start date as notified in the Notice To Proceed (NTP). The company has confirmed that promoters, promoter group, or group companies have no interest in the awarding entities, and these orders do not fall within related party transactions.
What to do with a filing like this
Power Mech Projects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Power Mech Projects Limited. Read the original for the full detail.