Power Mech Projects Secures ₹266.26 Crore Order for Operations and Maintenance Services from Adani Group
Power Mech Projects Limited has secured a significant contract from Adani Infrastructure Management Services Limited (Adani Group) to provide operations and maintenance services for a major thermal power plant. The agreement values the order at ₹ 266.26 Crores (all taxes and duties excluding Goods and Services Tax).The order involves providing a KPI based Contract for Operations and Maintenance services at the 2x300MW Thermal Power Plant located in Butibori, Maharashtra, India. Adani Infrastructure Management Services Limited is the entity awarding the contract.
The terms of the awarded contract include specific details regarding execution timeline and client categorization. The total scope of work falls under Domestic Operations and Maintenance services provided by a domestic entity.
Key details of the contract are as follows:
| Particulars | Details |
|---|---|
| Awarding Entity Name | Adani Infrastructure Management Services Limited |
| Nature of Contract | Operations and Maintenance services |
| Order Consideration | ₹ 266.26 Crores (excluding GST) |
| Execution Timeline | Within 60 months from the Commencement Date, spanning from July 1, 2026, to June 30, 2031. |
The contract details confirm that neither Power Mech Projects Limited nor its promoter group has any interest in Adani Infrastructure Management Services Limited, and the order is not classified as a related party transaction.
POWERMECH Stock Price Movement
Shares of Power Mech Projects Limited are climbing to ₹2497.2 as of 11:02 AM today, having edged up by 0.35% in the current trading period. The stock trades on a volume of 28,606 shares during this live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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