Power Mech Projects Limited — New Orders, 26-12-2024: Awarding of order(s)/contract(s)

Power Mech Projects Limited has secured a ₹186 Crore order from Jaiprakash Power Ventures Limited (JPVL) for Field Operation and Maintenance services at the 2 x 660MW Jaypee Nigrie Super Thermal Power Plant in Madhya Pradesh. This contract spans five years, from January 1, 2025, to December 31, 2029, with an initial monthly value of ₹3.10 Crores for the first year. Following that, there will be a price escalation based on the Wholesale Price Index for the remaining four years. This contract not only enhances Power Mech’s service portfolio but also reveals a positive outlook for future revenues, given the extended duration and substantial contract value. Investors should monitor this development closely for its implications on the company's operational capacity and financial health.