Power Mech Projects' Saudi subsidiary won an international erection contract from an Elsewedy Electric and Sinohydro joint venture for the Rabigh 2 IPP Expansion, with aggregate value of about USD 52.1 million (~INR 492 Crore). The contract runs 20 months from January 2027.
Value
₹489.9 Cr
From
Joint Venture of Elsewedy Electric Power Systems Projects (Branch) and Sinohydro Corporation Limited (Branch), for the Rabigh 2 IPP Expansion Project
Power Mech Projects will hold a board meeting on November 11, 2026, to consider Q2 and H1 FY27 unaudited results. The trading window stays closed until November 13, 2026.
Power Mech secured a ₹327.35 Crore O&M contract from Vedanta Aluminium for 130 MW coal-fired plant. The 48-month engagement strengthens recurring revenue from key client relationships.
Power Mech Projects issued a Rs.469 Crore corporate guarantee for subsidiary KTMPL's project loans from RBL Bank and IDFC First Bank. The guarantee secures Capex for a Coal Handling Plant, railway siding, and R&R Colony.
Power Mech Projects secured an O&M order from Moxie Power Generation Limited worth ₹549.37 Crore. The contract spans 60 months for a 1,200 MW power plant.
Power Mech reported Q1 FY27 revenue of ₹1,624 Cr, up 26% YoY, driven by civil infra and industrial EPC. PAT rose 11% to ₹89 Cr, despite margin compression from material costs.
Power Mech Projects secured an order worth ₹279.20 Crore from Telangana Power Generation Corporation Limited for comprehensive operation and maintenance services.
Power Mech Projects Limited successfully concluded its 27th Annual General Meeting on September 17, 2026, discussing agenda items including dividends and employee stock option plans.
Power Mech Projects Ltd has submitted a revised copy of its Annual Report for FY 2025-26. The revisions are limited to editorial and design enhancements.
Power Mech secured a ₹970 Crore O&M contract from Vedanta Power for its 1,200 MW Sakti Thermal Plant. The 60-month engagement covers end-to-end operations and maintenance.
Value
₹970.0 Cr
From
Vedanta Power Limited (Sakti Thermal Plant)
Execution
60 months from date of issuance of LOI/Order Confirmation
Power Mech Projects Limited announced the retirement of Mr. Vivek Paranjpe as a Non-Executive Independent Director. His tenure concluded on August 30, 2026, after completing two terms.
Power Mech Projects Limited issued a notice for its 27th Annual General Meeting scheduled for September 17, 2026, to be conducted via video conferencing.
Mrs. Sajja Lakshmi has resigned as a Non-Executive and Non-Independent Director of Power Mech Projects Limited. The resignation was effective August 8, 2026, due to personal preoccupations.
Q1 FY27 revenue grew 26% YoY to INR 1,624 Cr, driven by strong execution in Civil Infra and O&M. Focus remains on scaling high-margin MDO and O&M segments.
Power Mech Projects Ltd scheduled a board meeting for August 8, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026.
Power Mech Projects Ltd filed its quarterly shareholding pattern for the period ended June 30, 2026. This report discloses the company's shareholding structure as per regulatory requirements.
Power Mech Projects announced the ₹1,563 Crore contract annulment for a BESS facility by WBSEDCL. This order book reduction follows administrative exigencies without any company default.
Power Mech Projects secured a ₹266.26 Crore O&M contract from Adani Group. The project covers a thermal power plant in Maharashtra over a 60-month period.
Power Mech delivered 16% annual revenue growth in FY26 with stable 12.3% EBITDA margins. Management strategy emphasizes diversifying into O&M, MDO, and BOP EPC packages.
Power Mech Projects submitted its Annual Secretarial Compliance Report for FY 2025-26. The report confirms full regulatory compliance with no fines or adverse observations recorded.
Power Mech Projects submitted revised audited financial results to correct typographical errors in consolidated assets and liabilities. The company confirmed no impact on final reported figures.
Power Mech Projects approved a final dividend of ₹1.50 per equity share for FY 2025-26. Payment is subject to shareholder approval at the upcoming AGM.
Power Mech Projects reported audited FY26 consolidated profit of ₹411.68 Crore on revenue of ₹6,061.57 Crore. The board recommended a 15% final dividend for shareholders.
Power Mech Projects Ltd submitted its Monitoring Agency Report for the quarter ended March 31, 2026, regarding ₹350 Crore QIP proceeds. CARE Ratings confirmed utilization is in line with the offer document, with ₹286.66 Crore utilized to date. Remaining funds are expected to be fully deployed by Q2FY27 following minor approval delays.