Rs 15,899 Crore Order Book: Engineering & Infrastructure Company Secures Rs 266 Crore Contract From Adani Group Firm

On Wednesday, Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.33 per cent to 23,405.60. Amid the weak market sentiment, Power Mech Projects share price traded at Rs 2,517.25, up 1.12 per cent from the previous close. The stock remained in focus after the company announced the receipt of a Rs 266.26 crore order from an Adani Group company.

Power Mech Secures Rs 266 Crore O&M Contract

Power Mech Projects Limited informed the exchanges that it has secured an order worth Rs 266.26 crore, excluding Goods and Services Tax (GST), from Adani Infrastructure Management Services Ltd.

The contract relates to operations and maintenance (O&M) services for a 2x300 MW thermal power plant located at Butibori in Maharashtra. The facility has a total installed capacity of 600 MW.

According to the company's disclosure, the order has been awarded by a domestic entity and falls under a KPI-based operations and maintenance mandate.

Power Mech Projects Five-Year Execution Period

The agreement will be executed over a period of 60 months, commencing from July 1, 2026, and continuing until June 30, 2031.

The scope of work is limited to operations and maintenance services for the thermal power plant. The contract further strengthens Power Mech's presence in the thermal power O&M segment and adds to its long-term service portfolio.

The company stated that the contract will involve performance-linked service delivery across the lifecycle of the 600 MW facility.

Power Mech Projects Clarifies Transaction Details

Power Mech Projects clarified that neither its promoter, promoter group, nor group companies have any interest in the awarding entity.

The company further stated that the transaction does not qualify as a related party transaction under applicable regulations. The disclosure was made in accordance with SEBI's Master Circular requirements, covering details related to the contract value, scope of work, execution timeline, and customer information.

Shareholding And Stock Performance

As of June 3, 2026, around 3:25 PM, Power Mech Projects shares were trading at Rs 2,527.80, up 1.54 per cent from the previous closing price of Rs 2,489.45.

The stock has delivered returns of negative 19.99 per cent over the past one year, while generating returns of 7.85 per cent over two years and 52.94 per cent over three years.

During the last 52 weeks, the stock touched a high of Rs 3,362.40 and a low of Rs 1,731.65. According to the latest shareholding pattern, foreign institutional investors reduced their holding to 6.47 per cent from 6.55 per cent in the previous quarter. Domestic institutional investors' stake declined to 20.18 per cent from 20.54 per cent.

About Power Mech Projects

Power Mech Projects Ltd is an engineering and construction company incorporated in 1999. The company provides integrated services across erection, testing and commissioning of boilers, turbines and generators, along with civil construction and operations & maintenance services.

Over the years, the company has diversified into railways, transmission and distribution, mining development and operations (MDO), and renewable energy segments. Power Mech operates across India and international markets through its subsidiaries and project network.

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