Power Mech Projects Share Price Rises 4% After ₹551 Crore Order Win

Market Performance

Power Mech Projects' share price witnessed a sharp uptick in early trade on July 15, rising by 4.47%.

• Opening Price: ₹3,362.55
• Gain: ₹144
• Percentage Increase: 4.47%

The surge comes after the company announced a significant order win amounting to ₹551 Crore from two separate entities.

As of 09:18 IST, the stock was trading at ₹3,362.55 on the exchange.

Main News: ₹551 Crore Orders Secured

Power Mech Projects Limited has secured two major orders:

1. SJVN Thermal Private Ltd.
   • Project: Buxar Thermal Power Project (2 x 660 MW), Bihar
   • Scope: Commissioning support & comprehensive operation and maintenance
   • Order Value: ₹498.39 Crore
2. Jhabua Power (Joint Venture of NTPC):
   • Project Location: Barela, Madhya Pradesh
   • Scope: Operation & maintenance of the boiler, turbine, and generator for 1 x 600 MW unit
   • Order Value: ₹52.96 Crore

Company Details: Solar Project Update

On June 26, Power Mech Projects also bagged a notable order from Bihar State Power Generation Company Limited (BSPGCL).

Project Highlights:

• Scope: Set up grid-connected distributed solar power plants under the PM-KUSUM C2 scheme
• Execution Model: RESCO mode
• Cumulative Capacity: 13.66 MW (AC)
• Estimated Revenue: ₹159 Crore
• Contract Tenure: 25 years (via Power Purchase Agreements)

This initiative aims at solarizing agricultural/mixed feeders in various Bihar power sub-stations.

Stock Snapshot

• 52-Week High: ₹3,725 (on August 23, 2024)
• 52-Week Low: ₹1,698.85 (on March 3, 2025)
• Current Price vs High: 9.73% below
• Current Price vs Low: 97.93% above
• Market Capitalization: ₹10,631.14 Crore

Summary of the Article

Power Mech Projects' share price saw a notable jump of 4.47% in early trading on July 15 following the announcement of ₹551 Crore worth of new orders. These include contracts from SJVN Thermal and Jhabua Power, strengthening the company's position in thermal power O&M services. Additionally, the company's solar power project in Bihar, with an estimated revenue of ₹159 Crore, further supports its diversification into renewable energy. The stock remains strong with a nearly 98% gain over its 52-week low, reflecting positive investor sentiment.