Rs 56,806 crore order backlog: Power construction company bags orders of Rs 1,005 crore from Mirzapur Thermal Energy & Mahan Energen
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The stock gave multibagger returns of 685 per cent in just 5 years whereas the BSE Sensex Index is up by 63 per cent.
Power Mech Projects Limited (PMPL) has secured two significant domestic contracts totalling Rs 1,005 crore from subsidiaries of Adani Power Limited. The first order, valued at Rs 515 crore, is for the 2x800 MW Mirzapur Phase-I Ultra Supercritical Thermal Power Project in Uttar Pradesh. The second contract, worth Rs 490 crore, covers the 2x800 MW Mahan Phase-III project. Both agreements focus on providing specialised onsite services for the Mirzapur Thermal Energy and Mahan Energen entities, marking a substantial addition to PMPL’s industrial service portfolio.
The scope of work for both projects involves the erection, testing, and commissioning of Steam Generators (Package A) and Steam Turbine Generators (Package B), including their respective auxiliaries. Additionally, PMPL will provide manpower assistance for Performance Guarantee Tests to ensure the units meet operational standards. These projects are slated for completion within 36 months from the commencement date specified in the Notice to Proceed. By utilising ultra-supercritical technology, these 800 MW units are designed to operate at higher efficiencies compared to traditional thermal plants.
About the Company
Power Mech Projects Limited (PMPL) is a leading Hyderabad-based global service provider in project and infrastructure Construction, established in 1999. Initially focused on power sector services—including Erection, Testing, Commissioning, Operation & Maintenance (O&M) and Renovation of power plants—PMPL has become the largest O&M player in India. Over the last fifteen years, the company strategically diversified into non-power and infrastructure sectors, expanding its service offerings to include Railways, Water Projects, Roads, Mining, Cross Country Pipelines, Steel Plants and Material Handling. Now in its third decade, PMPL has a global presence in over ten countries and is strategically aligning its business model to capitalise on the National Infrastructure Pipeline (NIP).
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Add NowThe company has a market cap of over Rs 6,800 crore and as of December 31, 2025, the company’s Order Book stands at Rs 56,806 crore. The stock gave multibagger returns of 685 per cent in just 5 years whereas the BSE Sensex Index is up by 63 per cent.
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