Power Mech Projects Ltd

Power Mech Projects Limited informed the National Stock Exchange of India Limited and BSE Limited that Venture Capital and Corporate Investment Private Limited, its Registrar and Transfer Agent, certified that no securities were received for dematerialization/rematerilization during the quarter ended September 30, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Power Mech Projects Limited announced it has secured an order from Moxie Power Generation Limited, a subsidiary of Adani Group, for providing complete operation and maintenance services at the 2x600 MW Tuticorin TPP, with a broad consideration of Rs 549.37 Cr, including all taxes and duties except GST. The contract, awarded by a domestic entity, will span 60 months, commencing October 1, 2026, and concluding September 30, 2031, and does not involve any related party transactions or interest from promoters, promoter groups, or group companies.

Power Mech Projects Limited will close its trading window for designated persons, their immediate relatives, and connected persons from October 1, 2026, until 48 hours after the declaration of un-audited financial results for the second quarter and half year ended September 30, 2026, in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Power Mech Projects Limited announced it has secured an order worth Rs 279.20 Crores from Telangana Power Generation Corporation Limited for comprehensive operation and maintenance services, including mechanical, electrical, and C&I work packages for the YTPS (5X800 MW) ash and coal handling plants, spanning a period of 3 years from the date of issuance of the Letter of Intent/Order Confirmation. The order, awarded by a domestic entity, includes a Price Variation Clause applicable for the second and third years and does not involve any related party transactions.

Power Mech Projects Ltd. is currently trading at Rs 2435.0, up 0.82%, while the stock has declined 0.20% over the last one week. Power Mech Projects Limited announced it has secured an order from Vedanta Power Limited for an operations and maintenance contract at Vedanta Power’s Sakti Thermal Plant in Chhattisgarh. The contract, awarded by a domestic entity, encompasses end-to-end operations and maintenance services for a 2x600 MW coal-based thermal power plant and is valued at Rs 970 Crores (Rs 890 Crore basic value plus Rs 80 Crore for additional services, excluding GST), with an execution period of 60 months from the date of the order confirmation. Trading volume totaled 18618 shares today, a decrease of 29.88% from the one-week average volume. Power Mech Projects Ltd. fell by 20.63% year-over-year, underperforming the 4.59% loss registered by the NIFTY50 index.

Power Mech Projects Limited announced that Vivek Paranjpe will cease to be a director of the company effective August 30, 2026, following the completion of his second and final term as a Non-Executive and Independent Director, including his role as Chairman of the Nomination and Remuneration Committee and member of the Audit Committee.

Power Mech Projects Limited has set September 10, 2026, as the record date for its 27th Annual General Meeting, scheduled for September 17, 2026, and to determine shareholder entitlement for a final dividend of Rs for the financial year ended March 31, 2026, which will be paid within 30 days of shareholder approval.

This document details a monitoring agency's report on the utilization of funds raised by Power Grid Corporation of India Limited through a qualified institutional placement (QIP). The report covers the period ending June 30, 2023, and assesses progress against the stated objectives of the QIP, which included funding capital expenditure for a washery and coal handling plant, repaying existing loans, and general corporate purposes. While the company has fully utilized the proceeds, there was a delay of 39 days in the implementation of the washery project. The report also highlights that interest income earned on fixed deposits was partially utilized for the Tasra project, and outlines the reasons for any deviations from the original plan, along with proposed corrective actions. Several disclaimers are included to clarify the scope and limitations of the monitoring agency's responsibilities.

The contract involves civil and structural works for the Boiler, Turbine and Generator (BTG) area of a 2x800 MW thermal power project at Salboni in West Bengal. The project is scheduled to be executed within 36 months from the effective date or commencement of work, as applicable. The company clarified that the contract does not fall under related-party transactions and that neither its promoters nor promoter group entities have any interest in the award. Power Mech Projects is an engineering and construction company providing integrated services in erection, testing and commissioning (ETC) of boilers, turbines and generators; balance of plant (BOP); civil works; and operation and maintenance (O&M) services across power, infrastructure, and industrial sectors. The company reported a 21.6% increase in consolidated net profit to Rs 142.55 crore in Q4 FY26, compared with Rs 117.24 crore recorded in Q4 FY25. Revenue from operations jumped 13.89% YoY to Rs 2,110.73 crore for the quarter ended 31 March 2026. Powered by Capital Market - Live

Power Mech Projects has secured an order from JSW Thermal Energy for Civil & Structural Works of BTG Area for 2x800 MW Thermal Power Project at Salboni, West Bengal. The order valued at Rs 1,008.90 crore is to be executed within 36 months.