Power Mech Projects in Focus After ₹551 Cr Order Wins.

Power Mech Projects shares are likely to stay in the spotlight as the company bagged fresh orders worth ₹551 crore from two major power sector clients. The company secured a ₹498.39 Cr contract from SJVN Thermal Pvt Ltd for commissioning support and full operation & maintenance (O&M) services for the Buxar Thermal Power Project (2×660 MW) in Bihar. It also won a ₹52.96 Cr order from Jhabua Power, a JV of NTPC, for O&M of the 600 MW thermal power unit in Seoni, Madhya Pradesh. Earlier on June 26, Power Mech had bagged a solar project from Bihar State Power Generation Company Ltd (BSPGCL) under the PM-KUSUM C2 scheme. The project involves setting up distributed solar plants with a total capacity of 13.66 MW (AC) across Bihar. The 25-year Power Purchase Agreement (PPA) is expected to generate ₹159 Cr in revenue. Stock Performance Highlights: • 52-week high: ₹3,725 (Aug 23, 2024) • 52-week low: ₹1,698.85 (Mar 3, 2025) • Current Price: ~13.6% below 52-week high • Up ~89.45% from 52-week low • Market Cap: ₹10,175.86 Cr In Simple Terms: Power Mech is on a strong order-winning streak, securing both thermal and renewable energy projects. These wins strengthen its order book and long-term revenue visibility, especially with the 25-year solar PPA. Investors are watching closely as the company continues to grow across both traditional and green energy segments.