Power Mech Projects Limited has bagged a ₹186 crore (excluding GST) contract from Jaiprakash Power Ventures Limited (JPVL). The project involves providing Field Operation and Maintenance (O&M) services for the 2×660 MW Jaypee Nigrie Super Thermal Power Plant in Madhya Pradesh.
The five-year contract, effective from January 1, 2025, to December 31, 2029, starts with a monthly value of ₹3.10 crore for the first year, with subsequent price escalations based on the Wholesale Price Index (WPI).
Contract Highlights
- Duration: The agreement spans a five-year period, commencing January 1, 2025, and concluding December 31, 2029.
- Monthly Contract Value: For the first year, the monthly value is fixed at ₹3.10 crores. From January 1, 2026, a monthly price escalation tied to the Wholesale Price Index (WPI) will apply for the remaining four years.
- Nature of Work: The scope includes operation and maintenance services, critical for ensuring efficient plant operations and performance optimization.
Additional Details
- Entity Awarding the Contract: Jaiprakash Power Ventures Limited
- Location: Jaypee Nigrie Super Thermal Power Plant, Madhya Pradesh
- Contract Value: ₹186 crores (exclusive of GST)
- Execution Timeline: January 1, 2025 – December 31, 2029
In the meantime, Power Mech Projects shares closed today at ₹2,511, slightly above the opening price of ₹2,510. The stock reached an intraday high of ₹2,566 and a low of ₹2,496.
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Power Mech Projects