Rs 53,972 crore order book: Power construction company secures order of Rs 370.84 crore from Mahan Energen Ltd

Power Mech Projects Limited has secured a significant contract worth Rs 370.84 crore (excluding GST and BOCW Cess) from Mahan Energen Limited (MEL), a subsidiary of Adani Power. The project involves the execution of civil works and the erection of prefabricated structural steel for the BTG Units 1 & 2 of the Mahan Phase-III (2 x 800 MW) power plant in Singrauli, Madhya Pradesh.

The scope of work for this domestic contract includes a wide range of tasks for the main powerhouse, central control building, ESP, FGD, limestone handling system, and switchyard, along with other ancillary works. This order is to be executed within a period of 30 months from the date the notice to proceed is issued. This strategic project win solidifies Power Mech Projects' position in the power construction sector and contributes to the development of critical energy infrastructure in India.

About the Company

Established in 1999, Power Mech Projects Limited is an engineering and construction company offering comprehensive services for power plants, including building, testing, and maintaining boilers, turbines and generators, civil works, and ongoing operations. Their diverse portfolio encompasses various project scales, from ultra-mega to subcritical power plants, and their expertise extends across eight business units, including industrial services, construction, overseas operations, electrical systems, infrastructure construction, hydropower, manufacturing, and mining.

The company has a market cap of over Rs 9,600 crore and as of June 30, 2025, the company’s order book stands at Rs 53,972 crore. The stock gave multibagger returns of 1,200 per cent in just 3 years whereas BSE Sensex Index is up by 104 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.