Power Mech Projects share price jumped over 5% on Tuesday, March 17 after the firm after the company obtained a ₹709.56 crore contract from Adani Infrastructure Management Services Ltd for operations and maintenance services at a significant thermal power facility in Maharashtra.
This contract encompasses operations and maintenance (O&M) services, including overhauls, for the 5×660 MW thermal power plant located in Tiroda, Maharashtra. The arrangement will be carried out under a KPI-based contract framework, as indicated in the company’s regulatory announcement.
The project has been given to a domestic entity and is set to be executed over a five-year duration, from April 1, 2026, to March 31, 2031.
According to the contract, Power Mech will provide extensive operation and maintenance services along with overhaul assistance for the thermal power units, adhering to the tender specifications and accompanying clarifications.
The overall value of the contract is ₹709.56 crore, not including goods and services tax (GST).
(more to come)