Shares of Power Mech Projects were trading higher on Friday, January 9, after the company announced a large order win in the energy storage segment. The stock was trading at Rs 2,409.90, up 2.40%, at 9:07 am IST on the National Stock Exchange.
On Thursday, January 8, Power Mech Projects informed exchanges that its wholly owned subsidiary, PM Green Private Limited, has received an order from West Bengal State Electricity Distribution Company (WBSEDCL) for setting up a 250 MW / 1,000 MWh standalone Battery Energy Storage System (BESS) at Goaltore in Paschim Medinipur, West Bengal.
The project has been awarded under the build-own-operate (BOO) model and carries a 100% off-take guarantee from WBSEDCL. The order also includes a greenshoe option of an additional 250 MW / 1,000 MWh BESS to be set up at the Durgapur Project Ltd (DPL) campus in Durgapur, West Bengal. The total order value, including the greenshoe option, stands at Rs 3,126 crore, excluding GST.
As per the company’s disclosure, the scope of work covers design, financing, engineering, procurement, construction, operation, and maintenance of the battery energy storage facilities at both locations. The project is scheduled to be commissioned within 18 months from the signing of the Battery Energy Storage Purchase Agreement (BESPA), followed by an operation and maintenance period of 180 months.
Power Mech Projects clarified that the order has been awarded by a domestic entity and does not qualify as a related party transaction. The company also stated that its promoters and group entities do not have any interest in WBSEDCL.
Power Mech Projects Q2 performance
For the quarter ended September 2025, Power Mech Projects reported an 11.7% year-on-year increase in net profit at Rs 74.92 crore, compared with Rs 67.07 crore in the corresponding quarter last year. Revenue from operations rose 19.5% YoY to Rs 1,237.8 crore, while EBITDA increased 19% to Rs 147.02 crore. The company’s operating margin stood at 11.88%, marginally lower than 11.94% in the year-ago period.
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