Power Mech Enters Urban Mobility with ₹296 Cr Mumbai Monorail Deal

Power Mech Projects Limited (

) has marked a strategic shift by securing a ₹296 crore Operations & Maintenance (O&M) contract for the Mumbai Monorail, signaling its entry into the urban mobility space. The 5-year contract, awarded by Maha Mumbai Metro Operation Corporation, covers the complete O&M of a 19.54 km corridor spanning 17 stations between Sant Gadge Maharaj Chowk and Chembur. The scope includes managing advanced rolling stock and implementing modern Communication-Based Train Control (CBTC) systems, aimed at improving operational efficiency and reliability. This win is particularly significant as it diversifies the company’s traditionally power-focused portfolio into urban infrastructure, positioning it to tap into India’s growing mass transit ecosystem. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.