Power Mech Projects Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Small Cap

Power Mech Projects has secured an order worth 109.22 crore from Hindustan Zinc for comprehensive operation and maintenance of the 91.5 MW CPP and transmission line up to the MRSS, acting as an independent contractor on behalf of Hindustan Zinc.

The scope of work includes the comprehensive operation and maintenance (O&M) of a 91.5 MW captive power plant (CPP) along with the transmission line up to the main receiving substation (MRSS). The company will execute the project as an independent contractor on behalf of Hindustan Zinc.

The order is to be executed within a period of 48 months. Power Mech Projects also clarified that neither its promoter nor promoter-group entities have any interest in the awarding company, and the contract does not qualify as a related-party transaction.

Power Mech Projects is an engineering and construction company providing integrated service in erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works, and operation and maintenance (O&M). The company reported a 14.6% year-on-year increase in consolidated net profit to Rs 93.99 crore in Q3 FY26, compared with Rs 82.03 crore recorded in Q3 FY25. Revenue from operations (net sales) rose 6.1% YoY to Rs 1,419.56 crore for the quarter ended 31 December 2025, as against Rs 1,337.97 crore in the corresponding period last year.

Hindustan Zinc, part of the Vedanta Group, is the world?s largest integrated zinc producer and among the top five silver producers globally. The company exports to more than 40 countries and holds around 77% share of India?s primary zinc market. The company?s consolidated net profit jumped 46.23% to Rs 3916 crore while net sales rose 27.81% to Rs 10627 crore in Q3 December 2025 over Q3 December 2024. The counter gained 4.04% to Rs 522.50 on the BSE.

The contract pertains to a 5x660 MW thermal power plant located at Tiroda, Maharashtra. Under the agreement, Power Mech will provide KPI-based operations and maintenance (O&M) services, including overhauling of units at the plant.

The scope of work covers comprehensive O&M activities in accordance with the tender documents, subsequent clarifications and related correspondence between the parties.

Adani Infrastructure Management Services is a domestic entity and part of the Adani Group. The contract has been awarded on a domestic basis.

The project is scheduled to be executed over a period of 60 months, commencing from April 1, 2026 and continuing until March 31, 2031.

Power Mech Projects said that neither its promoter nor promoter group companies have any interest in the awarding entity. The company also clarified that the contract does not fall under related party transactions.

Power Mech Projects is an engineering and construction company providing integrated service in erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works, and operation and maintenance (O&M).

The company reported a 14.6% year-on-year increase in consolidated net profit to Rs 93.99 crore in Q3 FY26, compared with Rs 82.03 crore recorded in Q3 FY25. Revenue from operations (net sales) rose 6.1% YoY to Rs 1,419.56 crore for the quarter ended 31 December 2025, as against Rs 1,337.97 crore in the corresponding period last year.

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The contracts have been awarded by Mirzapur Thermal Energy (UP) and Mahan Energen for ultra supercritical thermal power projects.

The scope of work includes erection, testing, commissioning and manpower assistance for performance guarantee tests of Steam Generator (SG) and Steam Turbine Generator (STG), along with auxiliaries, for Unit 1 and 2 of the 2x800 MW Mirzapur Phase-I and Mahan Phase-III projects.

The Mirzapur order is valued at Rs 515 crore, while the Mahan order is worth Rs 490 crore (excluding GST and applicable taxes). The projects are to be executed within 36 months from the erection start date as notified under the Notice to Proceed (NTP).

The company reported a 14.6% year-on-year increase in consolidated net profit to Rs 93.99 crore in Q3 FY26, compared with Rs 82.03 crore recorded in Q3 FY25. Revenue from operations (net sales) rose 6.1% YoY to Rs 1,419.56 crore for the quarter ended 31 December 2025, as against Rs 1,337.97 crore in the corresponding period last year.

Power Mech Projects is an engineering and construction company providing integrated service in erection, testing, and commissioning (ETC) of boilers, turbines, and generators and balance of plant (BOP), civil works, and operation and maintenance (O&M).

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