Power Mech Projects Subsidiary Secures ₹3,126 Crore Battery Storage Order
Power Mech Projects' subsidiary, PM Green, secured a ₹3,126 Crore order from WBSEDCL for a 250 MW / 1,000 MWh Battery Energy Storage System (BESS) under a Build-Own-Operate model. The order includes a greenshoe option and covers Design, Finance, Engineering, Procurement, Construction, Operation, and Maintenance.
The order value of ₹3,126 Crores represents a significant addition to the company's order book and is expected to have a substantial impact on its financial performance.
The company has secured a large-scale order, which is a positive development for its business and revenue prospects.
PM Green Private Limited, a wholly owned subsidiary of Power Mech Projects Limited, has received a significant order from West Bengal State Electricity Distribution Company Limited (WBSEDCL).
The order is for the setting up of a 250 MW / 1,000 MWh Standalone Battery Energy Storage System (BESS) at Goaltore, Paschim Medinipur, West Bengal, under the Build-Own-Operate (BOO) model. Additionally, there is an option for a further 250 MW / 1,000 MWh BESS at the Durgapur Project Limited (DPL) campus in Durgapur, West Bengal.
The total consideration for this order, including the greenshoe option, is valued at ₹3,126 Crores (excluding GST). The scope of work encompasses the Design, Finance, Engineering, Procurement, Construction, Operation, and Maintenance of the BESS facility. The Scheduled Commissioning Date (SCD) is 18 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA), with a subsequent Operation and Maintenance period of 180 months from the SCD.
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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.