Shares of Power Mech Projects jumped 3% after the company bagged two significant domestic orders, together valued at ₹551.35 crore (excluding taxes and GST). As of 9:31 AM, the shares were trading 3.28% higher at Rs 3,326.20.
The larger order, worth ₹498.39 crore, was awarded by SJVN Thermal (P) Ltd. for commissioning support and comprehensive operation & maintenance of the Buxar Thermal Power Project (2×660 MW) in Bihar. The project is expected to be executed over 39 months.
The second order, worth ₹52.96 crore, comes from Jhabua Power Ltd., a joint venture of NTPC. It involves operation and maintenance of the boiler, turbine, and generator for a 600 MW unit located in Seoni, Madhya Pradesh. The contract period is three years, extendable by one year.
Both contracts are purely domestic in nature and do not involve any related party transactions. The orders mark a notable addition to Power Mech’s growing presence in the thermal power sector and highlight its operational capabilities in handling large-scale energy infrastructure.
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