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Power Mech Issues ₹469 Cr Corporate Guarantee for Subsidiary KTMPL Capex
Power Mech Projects has issued a corporate guarantee of up to ₹469 crore on behalf of its subsidiary, Kalyaneswari Tasra Mining Private Limited (KTMPL). The guarantee acts as security for ₹469 crore in debt facilities provided by RBL Bank (₹175 crore) and IDFC First Bank (₹294 crore) to fund capex, including a coal handling plant, railway siding, and R&R colony construction. This guarantee represents about 19.6% of Power Mech's net worth (₹2,395 crore) and forms a contingent liability valid until September 1, 2035.
Confidence: HIGH
What changedPower Mech entered into an agreement to provide a corporate guarantee of up to ₹469 crore for subsidiary KTMPL's long-term bank borrowings.
Why it mattersWhile it expands contingent liabilities to ~19.6% of net worth, it facilitates key infrastructure capex to unlock the subsidiary's mining developer and operator (MDO) operations.
Corporate Guarantee Amount: Rs. 469 CroresRBL Bank Facility: Rs. 175 CroresIDFC First Bank Facility: Rs. 294 CroresGuarantee vs Net Worth: ~19.6%Guarantee Release Date: September 1, 2035
📅 Short termNo direct earnings or cash flow impact, as the transaction creates an off-balance-sheet contingent liability without immediate cash outflow.
📈 Long termEnables KTMPL to execute vital coal handling and railway siding capex, advancing Power Mech's broader MDO strategic expansion aimed at reaching multi-year peak capacity.
⚠ Risk flags
- Contingent liability risk if subsidiary fails to service the ₹469 crore debt
- Long commitment tenure extending until September 2035
Key Highlights
Corporate guarantee issued for an amount not exceeding ₹469 crore
Backs project capex debt comprising ₹175 crore from RBL Bank and ₹294 crore from IDFC First Bank
Guarantee is scheduled to be released by September 1, 2035
Directly supports subsidiary KTMPL's Coal Handling Plant, Railway siding, and R&R Colony construction
👀 What to Watch
Track KTMPL's project commissioning timelines and initial operational ramp-up, as timely cash flow generation will prevent any strain on the parent company's contingent exposure.
Power Mech Secures ₹549.37 Cr O&M Order from Adani Group's Moxie Power
Power Mech Projects has won a ₹549.37 crore domestic Operations and Maintenance (O&M) contract from Moxie Power Generation Limited, an Adani Group entity. The contract entails providing complete O&M services for the 2x600 MW Tuticorin Thermal Power Plant over a period of 60 months (October 1, 2026, to September 30, 2031). The order value represents approximately 8.6% of the company's TTM revenue of ₹6,393 crore, reinforcing its annuity-based O&M business.
Confidence: HIGH
What changedPower Mech secured a 5-year O&M contract valued at ₹549.37 crore from Adani Group's Moxie Power Generation.
Why it mattersProvides long-term recurring revenue visibility (~₹110 crore annually) and further deepens the company's integration with the Adani Group ecosystem.
Order value: ₹549.37 CroresContract duration: 60 MonthsPlant capacity: 2x600 MWOrder vs TTM revenue: ~8.6%
📅 Short termPositive sentiment driver as it bolsters order inflows and O&M revenue visibility; commencement is scheduled from October 1, 2026.
📈 Long termStrengthens recurring O&M annuity cash flows through September 2031, which typically offer better and more stable margins than pure EPC contracts.
⚠ Risk flags
- Client concentration risk with expanded exposure to Adani Group entities
- Operational execution and plant performance penalties over the 5-year tenure
Key Highlights
Secured domestic O&M contract worth ₹549.37 Crores (excluding GST)
Contract awarded by Moxie Power Generation Limited (Adani Group)
Scope covers complete O&M services for 2x600 MW Tuticorin TPP
Execution timeline is 60 months from 01.10.2026 to 30.09.2031
👀 What to Watch
Track the smooth transition into operations starting October 2026 and monitor the contribution of high-margin recurring O&M revenue in future quarterly segment disclosures.
Power Mech Secures ₹279.20 Cr O&M Order from Telangana Power Generation Corp
Power Mech Projects Limited has secured a domestic Operations & Maintenance (O&M) order valued at ₹279.20 crore (excluding GST) from Telangana Power Generation Corporation Limited. The contract covers comprehensive O&M and upkeep of the Ash Handling Plant and Coal Handling Plant at the YTPS 5X800 MW facility. The execution period is 3 years from the date of LOI/Order Confirmation, with a Price Variation Clause applicable for years 2 and 3. The order represents approximately 4.4% of the company's TTM revenue of ₹6,393 crore, reinforcing its annuity O&M revenue stream.
Confidence: HIGH
What changedPower Mech has won a new 3-year ₹279.20 crore O&M contract from state utility Telangana Power Generation Corporation.
Why it mattersAdds multi-year, recurring O&M revenue with price variation protection, building onto the company's existing high-margin services book.
Order value: ₹279.20 CroresExecution tenure: 3 yearsOrder vs TTM revenue: ~4.37%Plant capacity handled: 5X800 MW
📅 Short termPositive sentiment from steady order inflow, though the order size is modest relative to total annual revenues.
📈 Long termStrengthens annuity-style O&M operations, providing predictable cash flows and insulation against EPC project cyclicality.
⚠ Risk flags
- State electricity board counterparty payment delays
Key Highlights
Secured domestic O&M contract worth ₹279.20 Crores (excluding GST)
Contract duration is for a period of 3 years from issuance of LOI/Order Confirmation
Scope covers comprehensive O&M for Ash and Coal handling plants at YTPS (5X800 MW)
Price Variation Clause (PVC) applies for the 2nd and 3rd year of execution
👀 What to Watch
Track execution commencement timelines and the quarterly revenue run-rate contribution from this project under the O&M segment.
Power Mech Wins ₹970 Cr O&M Order from Vedanta Power over 5 Years
Power Mech Projects has secured a ₹970 Crore domestic Operations and Maintenance (O&M) order from Vedanta Power Limited. The contract spans 60 months and covers end-to-end O&M services for a 2x600 MW coal-based thermal plant at Sakti, Chhattisgarh. The total consideration includes ₹890 Crore basic value and an ₹80 Crore provision for additional services. This single contract equates to ~15.2% of the company's TTM revenue of ₹6,393 Crore, providing multi-year revenue visibility.
Confidence: HIGH
What changedPower Mech has been awarded an end-to-end O&M contract worth ₹970 Crore by Vedanta Power Limited.
Why it mattersAdds long-tenure, annuity-like revenue (~₹194 Crore/year over 5 years) to the company's order book, bolstering its high-margin recurring O&M portfolio.
Total order value: ₹970 CroresBasic value: ₹890 CroreAdditional services provision: ₹80 CroreExecution tenure: 60 MonthsOrder vs TTM revenue: ~15.2%
📅 Short termPositive sentiment driver as the order enhances revenue predictability and underscores continued order inflows in the thermal power services space.
📈 Long termStrengthens the annuity-style O&M portfolio over the next 5 years, providing steady cash flows and cushioning against cyclical lumps in turnkey EPC and erection projects.
⚠ Risk flags
- Execution and operational uptime risks standard to thermal power plant O&M
- Counterparty dependency on Vedanta Power for timely bill clearance
Key Highlights
Total contract value of ₹970 Crores (excluding GST)
Breakdown: ₹890 Crore basic value plus ₹80 Crore provision for additional services
Execution timeline spans 60 Months from LOI/Order Confirmation issuance
Scope covers end-to-end O&M for 2x600 MW Sakti Thermal Plant in Chhattisgarh awarded by Vedanta Power Limited
👀 What to Watch
Track execution milestones, annual billing conversion from this contract starting in upcoming quarters, and O&M segment margin performance relative to historical OPM levels (~10.9%).
Q1 FY27 Concall: Revenue Up 26% to ₹1,632 Cr; Executable Order Book at ₹16,229 Cr
Power Mech Projects reported a 26% YoY increase in Q1 FY27 total revenue to ₹1,632 Cr, with PAT after minority interest rising 53% YoY to ₹80 Cr (EPS of ₹25.23). The company secured ₹1,864 Cr in new orders during the quarter, achieving 15.5% of its ₹12,000 Cr full-year order inflow target. Total order backlog stood at ₹55,398 Cr (including long-term MDO contracts), while the ex-MDO executable order book reached ₹16,229 Cr (~2.54x TTM revenue). Mining revenue grew 223% YoY to ₹84 Cr, and civil infrastructure rose 28% to ₹796 Cr, supporting overall momentum despite slight consolidated EBITDA margin compression to 10.8%.
Confidence: HIGH
What changedDetailed operational transcript released for Q1 FY27, confirming steady execution, initial mining ramp-up, and healthy order pipeline tracking.
Why it mattersDemonstrates sustained revenue growth and validates multi-year execution visibility with an executable order book of ₹16,229 Cr (2.54x TTM revenue) and a total pipeline backed by expanding thermal power capex.
Q1 FY27 Total Revenue: ₹1,632 CrQ1 FY27 PAT (after minority interest): ₹80 CrExecutable Order Book (ex-MDO): ₹16,229 CrTotal Backlog (incl MDO): ₹55,398 CrExecutable Order Book to TTM Revenue: ~2.54xQ1 FY27 Order Inflows: ₹1,864 Cr
📅 Short termSolid operational results confirm top-line execution stability; watch for margin trajectory improvements as initial mining overburden removal costs normalize.
📈 Long termStructural tailwinds remain strong due to India's thermal power capacity additions (targeting 63 GW additions by 2032) and Power Mech's integration with major developers like BHEL, Adani, and JSW.
⚠ Risk flags
- Higher initial overburden costs at KBP mine weighing on segment profitability temporarily
- Material and execution cost inflation from Middle East geopolitical conflicts
- Certification and payment delays in state-funded water infrastructure projects
Key Highlights
Q1 FY27 revenue grew 26% YoY to ₹1,632 Cr; PAT after minority interest surged 53% YoY to ₹80 Cr.
Total order backlog stands at ₹55,398 Cr, with executable order book (ex-MDO) at ₹16,229 Cr.
Order inflows reached ₹1,864 Cr in Q1 FY27 against an annual target of ₹12,000 Cr.
Mining revenue surged 223% YoY to ₹84 Cr driven by the KBP mine ramp-up, while Civil grew 28% YoY to ₹796 Cr.
Identified power sector tender pipeline stands at ₹25,000-₹30,000 Cr across BHEL, Adani, and JSW project awards.
👀 What to Watch
Track quarterly order inflow progress toward the ₹12,000 Cr FY27 target, alongside coal seam production ramp-up at the KBP mine to verify expected EBITDA margin recovery.
26% Revenue Growth in Q1 FY27; Order Backlog Reaches Rs 55,398 Cr
Power Mech Projects reported a strong 26% YoY revenue growth to Rs 1,632 Cr for Q1 FY27, driven by execution in Civil Infra and O&M segments. However, EBITDA margins contracted significantly by 320 bps to 10.78% due to higher royalty costs in the KRBM project and increased material costs. Despite operational pressure, PAT grew 11% YoY to Rs 89.32 Cr, supported by lower finance and tax expenses. The total order backlog of Rs 55,398 Cr provides massive revenue visibility, representing approximately 9.1x the TTM revenue.
Confidence: HIGH
What changedThe company has reported its first quarter results for FY27, showing strong execution momentum but facing temporary margin headwinds from royalty sharing and global material cost spikes.
Why it mattersThe massive order book-to-bill ratio of over 9x ensures long-term revenue growth, but the shift in segment mix and cost pressures are currently weighing on operational profitability.
Q1 FY27 Revenue: Rs 1,632 CrOrder Backlog: Rs 55,398 CrBacklog vs TTM Revenue: 9.14xEBITDA Margin: 10.78%Q1 Order Inflow: Rs 1,864 Cr
📅 Short termThe stock may see neutral to slightly cautious sentiment due to the 320 bps margin contraction, despite the strong top-line growth.
📈 Long termThe structural story remains intact with a multi-year order book and strategic pivot toward high-margin MDO and annuity-based O&M services.
⚠ Risk flags
- Margin volatility due to royalty sharing disputes
- Increased material costs from Middle East conflict
- High concentration of order book in the MDO segment
Key Highlights
Revenue from operations increased 26% YoY to Rs 1,632 Cr in Q1 FY27.
Total order backlog stands at Rs 55,398 Cr, with the MDO segment contributing Rs 39,330 Cr.
EBITDA margins declined to 10.78% from 13.98% in the previous year's quarter.
New order inflows for Q1 FY27 reached Rs 1,864 Cr, including wins from JSW and Adani.
PAT increased 11% YoY to Rs 89.32 Cr, though PAT margin dipped to 5.5% from 6.23%.
👀 What to Watch
Investors should monitor the execution ramp-up of the MDO business (KBP mine) and the management's ability to pass through or stabilize royalty and material costs to recover margins toward the 12-13% range.
Power Mech Approves 10 Lakh ESOPs and Q1 FY27 Results; Director Resigns
Power Mech Projects Limited held a board meeting on August 8, 2026, approving the un-audited financial results for Q1 FY27. A significant highlight is the approval of a new Employee Stock Option Plan (ESOP) involving up to 10,00,000 equity shares, representing approximately 2.8% dilution of the current equity base. Additionally, Mrs. Sajja Lakshmi resigned as a Non-Executive Director due to personal commitments. The board also dissolved the Investment Committee and reconstituted other board committees.
Confidence: HIGH
What changedThe company has introduced a new employee incentive scheme (ESOP) and streamlined its board structure by dissolving the Investment Committee and accepting a director's resignation.
Why it mattersThe ESOP plan is a tool for talent retention but will lead to a ~2.8% equity dilution. The dissolution of the Investment Committee may indicate a shift in how the company manages its capital allocation oversight.
ESOP Pool Size: 10,00,000 sharesPotential Equity Dilution: ~2.8%ESOP Exercise Price Range: 10% to 25% of market priceTTM Revenue: ₹6,062 CrOrder Book (Context): ₹56,000 Cr+
📅 Short termThe stock may react to the specific Q1 FY27 earnings numbers (revenue/PAT growth) rather than the administrative board changes or the ESOP announcement.
📈 Long termThe ESOP plan aligns employee interests over a 5-year horizon. The core long-term driver remains the execution of the massive ₹56,000 Cr order book.
⚠ Risk flags
- Equity dilution from ESOPs
- Management/Board transition
Key Highlights
Approved a new ESOP plan for up to 10,00,000 equity shares of ₹10 each
ESOP exercise price set between 10% and 25% of the market price on the date of grant
Resignation of Mrs. Sajja Lakshmi (Non-Executive Director) effective August 8, 2026
ESOP vesting period established between a minimum of 1 year and a maximum of 5 years
Dissolution of the Investment Committee and reconstitution of other board committees
👀 What to Watch
Investors should review the detailed Q1 FY27 financial results to assess margin trends against the TTM OPM of 11.6% and monitor the impact of ESOP-related dilution on future EPS.
Power Mech Approves 10 Lakh ESOPs and Q1 Results; Director Resigns
Power Mech Projects' board has approved the un-audited financial results for Q1 FY27 and a new Employee Stock Option Plan (ESOP) involving up to 10,00,000 equity shares. This ESOP pool represents approximately 2.8% of the company's current equity base (based on a market cap of ₹9,364 Cr). The board also accepted the resignation of Non-Executive Director Mrs. Sajja Lakshmi and dissolved the Investment Committee, while re-constituting other board committees. The ESOPs feature a significant discount, with the exercise price set between 10% and 25% of the market price.
Confidence: HIGH
What changedThe company has introduced a new employee incentive scheme and updated its board composition and committee structure.
Why it mattersThe ESOP plan is intended for talent retention but will result in a ~2.8% equity dilution over a 3-5 year vesting period; the board changes represent routine governance updates.
ESOP Pool: 10,00,000 sharesExercise Price: 10% to 25% of market priceEstimated Dilution: ~2.8%Order Book (Context): ₹56,000 Cr+TTM Revenue (Context): ₹6,062 Cr
📅 Short termNeutral; the market focus will remain on the specific Q1 earnings performance rather than the administrative board changes or ESOP announcement.
📈 Long termLimited structural impact from these changes; long-term value remains tied to the execution of the massive ₹56,000 Cr order book and MDO business ramp-up.
⚠ Risk flags
- Equity dilution from ESOP issuance
Key Highlights
Approval of un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.
Proposed grant of up to 10,00,000 stock options, each convertible into one equity share of ₹10.
ESOP exercise price set at a range of 10% to 25% of the market price on the date of grant.
Resignation of Mrs. Sajja Lakshmi (Non-Executive Director) effective August 8, 2026, due to personal commitments.
Dissolution of the Investment Committee and re-constitution of various other board committees.
👀 What to Watch
Investors should examine the detailed Q1 FY27 financial statements to monitor margin trends and progress toward the FY26 revenue target of ₹6,500 Cr.
Power Mech Projects Secures ₹1,008.90 Crore Order from JSW Thermal Energy
Power Mech Projects Limited has secured a significant domestic contract worth ₹1,008.90 Crores (inclusive of GST) from JSW Thermal Energy Limited. The project involves civil and structural works for the BTG area of a 2x800 MW thermal power plant located in Salboni, West Bengal. The execution period for this contract is 36 months, providing strong revenue visibility for the company over the medium term. This win reinforces Power Mech's position in the thermal power infrastructure segment.
Key Highlights
Total order value stands at ₹1,008.90 Crores inclusive of GST.
Contract awarded by JSW Thermal Energy Limited for a 2x800 MW thermal power project.
Project scope covers Civil & Structural Works of the BTG (Boiler, Turbine, Generator) Area.
Execution timeline is set for 36 months from the effective date of commencement.
The transaction is not a related party transaction and involves no promoter interest.
👀 What to Watch
Investors should take note of this substantial order win which bolsters the company's order book and ensures steady revenue flow for the next three years. The stock may see positive momentum reflecting improved growth prospects.
Power Mech Appoints Former IRS Officer Vasundhara Sinha as Independent Director for 2-Year Term
Power Mech Projects Limited has appointed Mrs. Vasundhara Sinha as a Non-Executive Independent Director effective June 20, 2026. A retired 1988-batch IRS officer, she brings extensive experience from her roles as Principal Chief Commissioner of Income Tax and Director General of Income Tax (Investigation). Her initial term is set for 2 years, subject to shareholder approval. This appointment is expected to significantly strengthen the company's board in areas of regulatory compliance, taxation, and financial oversight.
Key Highlights
Appointment of Mrs. Vasundhara Sinha as Additional Director (Independent) effective June 20, 2026.
The first term of appointment is for a duration of 2 years.
Appointee is a 1988-batch IRS officer and former Principal Chief Commissioner of Income Tax.
She has served as Additional Director General of Foreign Trade under the Ministry of Commerce.
Educational background includes a PG in Economics and specialized courses from Harvard University and IIM Bangalore.
👀 What to Watch
Investors should view this as a positive governance move, as the addition of a high-ranking former tax official enhances the board's oversight capabilities. No immediate portfolio action is required.
Power Mech Projects Bags ₹266.26 Crore O&M Order from Adani Group
Power Mech Projects Limited has secured a significant Operations and Maintenance (O&M) contract worth ₹266.26 Crores from Adani Infrastructure Management Services Limited. The contract involves providing KPI-based services for a 2x300MW thermal power plant at Butibori, Maharashtra. The execution period is set for 60 months, spanning from July 2026 to June 2031. This order provides long-term revenue visibility and strengthens the company's service portfolio in the domestic thermal power sector.
Key Highlights
Total order value is ₹266.26 Crores excluding GST.
Contract duration is 5 years (60 months) starting from July 1, 2026.
Scope includes KPI-based O&M services for a 2x300MW thermal power plant in Maharashtra.
The order is awarded by Adani Infrastructure Management Services Limited, a domestic entity.
No promoter or group company interest is involved in the awarding entity.
👀 What to Watch
Investors should consider this a positive development as it enhances the company's order book and ensures steady cash flows over the next five years. Monitor the company's ability to maintain margins on this KPI-based service contract.
Power Mech Projects Q4 FY26 PAT Rises 18% to ₹153 Cr; Order Backlog Reaches ₹55,151 Cr
Power Mech Projects reported a strong FY26 with revenue growing 16% YoY to ₹6,107 crores and PAT increasing 18% to ₹412 crores. The company maintains a massive total order backlog of ₹55,151 crores, providing revenue visibility through FY30. While FY26 order inflows of ₹7,210 crores missed the ₹10,000 crore target due to a cancelled BESS project, management has set a higher target of ₹12,000 crores for FY27. Notably, operating cash flow improved significantly to ₹430 crores from just ₹74 lakhs in the previous year.
Key Highlights
FY26 Revenue grew 16% YoY to ₹6,107 crores, while Q4 FY26 PAT rose 18% YoY to ₹153 crores.
Total order backlog stands at ₹55,151 crores (including MDO), with an executable non-MDO book of ₹15,899 crores.
Operating cash flow saw a massive turnaround, rising to ₹430 crores in FY26 compared to ₹74 lakhs in FY25.
Management targets ₹12,000 crores in new order inflows for FY27, focusing on BOP EPC and O&M sectors.
Successfully diversified into Metro O&M with a ₹279 crore contract and secured a major ₹2,550 crore BOP package from BHEL.
👀 What to Watch
Investors should view the significant improvement in cash flow and the robust order book as strong indicators of financial health and future growth. The company's strategic shift toward high-value EPC and recurring O&M contracts, coupled with a low debt-to-equity ratio of 0.32x, positions it well for the ongoing thermal power expansion cycle.
Power Mech Promoters Declare Zero Pledged Shares and 58.96% Stake as of March 2026
Power Mech Projects Limited's promoter group, led by Mr. Sajja Kishore Babu, has filed a formal declaration under SEBI (SAST) Regulations for the fiscal year ending March 31, 2026. The promoters collectively hold 1,84,69,568 shares, which constitutes a 58.96% stake in the company. Most importantly, the disclosure confirms that the promoters have not created any encumbrance or pledges on their shareholding, either directly or indirectly. This transparency provides assurance regarding the financial stability of the promoters and the absence of margin-call risks.
Key Highlights
Promoter group holds a total of 1,84,69,568 shares in Power Mech Projects Limited.
The total promoter shareholding stands at 58.96% as of March 31, 2026.
Promoters declared zero encumbrances or pledges on their entire shareholding for the period.
Compliance filing made under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
👀 What to Watch
Investors should view the zero-pledge status as a sign of promoter financial strength and commitment. No immediate action is required, but this reinforces a stable outlook for the company's governance.
Power Mech FY26 Revenue Rises 16% to ₹6,107 Cr; Order Backlog Robust at ₹55,151 Cr
Power Mech Projects reported a steady FY26 with annual revenue growing 16% to ₹6,107 Cr and EBITDA rising 15% to ₹750 Cr. While Q4 EBITDA margins dipped to 11.17% due to labor code provisions and higher operating expenses, PAT for the quarter increased to ₹153 Cr. The company maintains a massive order backlog of ₹55,151 Cr, providing multi-year revenue visibility, despite missing its annual order inflow target due to a cancelled ₹1,563 Cr BESS project. Strategic expansion into Metro O&M and high-value Balance of Plant (BOP) EPC projects marks a pivot toward higher-value segments.
Key Highlights
FY26 Revenue grew 16% YoY to ₹6,107 Cr, with Q4 Revenue rising 13% to ₹2,121 Cr.
Total order backlog stands at a robust ₹55,151 Cr, including significant MDO contracts worth ₹39,412 Cr.
FY26 order inflows reached ₹7,210 Cr, including a marquee BOP EPC win from BHEL for the Singareni project.
Q4 EBITDA margins compressed to 11.17% from 12.43% YoY, impacted by labor code provisions and lower other income.
MDO operations at KBP mine ramped up, contributing to increased cash flows and revenue diversification.
👀 What to Watch
Investors should focus on the company's ability to execute its massive ₹55,151 Cr backlog and the scaling of high-margin MDO operations. The entry into Metro O&M and BOP EPC projects suggests a positive shift in the business mix, though margin recovery in the coming quarters remains a key monitorable.
Power Mech Projects approves FY26 results; declares ₹1.50 per share final dividend
Power Mech Projects Limited has approved its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The Board of Directors recommended a final dividend of 15%, which translates to ₹1.50 per equity share of ₹10 face value. The statutory auditors, Brahmayya & Co, issued an unmodified opinion on the financial statements, indicating no significant accounting concerns. Additionally, the company appointed M/s. M P R & Associates as Cost Auditors for the 2026-27 financial year.
Key Highlights
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Recommended a final dividend of ₹1.50 per equity share (15% of face value) for FY 2025-26.
Statutory auditors provided an unmodified opinion on both standalone and consolidated financial statements.
Appointed M/s. M P R & Associates as Cost Auditors for the financial year 2026-27.
The dividend, if approved by shareholders, will be paid within 30 days of the Annual General Meeting.
👀 What to Watch
Investors should review the full financial statements for specific revenue and profit growth metrics; the clean audit report and dividend declaration are positive signs of corporate stability.
Power Mech Projects Secures ₹227.95 Crore Order from South Western Railway
Power Mech Projects Limited has secured a domestic contract worth ₹227.95 Crores from South Western Railway, Bangalore. The project involves the development of a Vande Bharat Sleeper Trains Maintenance Depot at Thanisandra, Karnataka, on an EPC basis. The execution timeline is set for 30 months from the appointed date, providing steady revenue visibility for the company's infrastructure segment. This win highlights the company's growing footprint in the Indian railway infrastructure space.
Key Highlights
Total order value stands at ₹227.95 Crores including Goods & Services Tax
Project involves development of Vande Bharat Sleeper Trains Maintenance Depot in Karnataka
Contract awarded by South Western Railway, Bangalore, on EPC mode
Execution period is 30 months from the Appointed Date
👀 What to Watch
Investors should monitor the company's execution efficiency and margin profile for this project. The order strengthens the order book and demonstrates the company's capability in specialized railway infrastructure.
Power Mech Secures Rs 296 Cr Mumbai Monorail O&M Contract for 5 Years
Power Mech Projects Limited has secured a significant Operations & Maintenance (O&M) contract worth Rs 296 crore from Maha Mumbai Metro Operation Corporation Limited (MMMOCL). The contract spans five years and covers the entire 19.54 km Mumbai Monorail corridor including 17 stations. This marks the company's strategic entry into the urban mobility sector, diversifying its revenue streams beyond traditional power and industrial O&M. The project involves managing advanced rolling stock and signaling systems, providing long-term revenue visibility.
Key Highlights
Awarded Rs 296 crore (excluding GST) O&M contract for the Mumbai Monorail
Contract duration is 5 years, ensuring steady long-term service revenue
Covers 19.54 km route and 17 stations from Sant Gadge Maharaj Chowk to Chembur
Marks the company's first major entry into the urban transit and mobility sector
Scope includes operating new rolling stock and upgraded CBTC signaling systems
👀 What to Watch
Investors should view this as a positive diversification move that reduces sector-specific risk and provides stable cash flows. Monitor the company's ability to leverage this entry to win further urban infrastructure and metro O&M contracts.
Power Mech Projects Secures ₹296.44 Cr O&M Order for Mumbai Monorail
Power Mech Projects Limited has been awarded a domestic contract worth ₹296.44 Crores by the Maha Mumbai Metro Operation Corporation Limited. The scope of the contract involves the Operations and Maintenance (O&M) of the 19.54 km Mumbai Monorail corridor, which includes 17 stations. This project is scheduled for execution over a five-year period, providing the company with long-term revenue visibility in the urban infrastructure segment.
Key Highlights
Total contract value is ₹296.44 Crores excluding Goods and Services Tax
Execution period is set for five years, ensuring steady long-term revenue
Project covers O&M for 17 stations connecting Sant Gadge Maharaj Chowk to Chembur
The order was awarded by a domestic government entity, Maha Mumbai Metro Operation Corporation Limited
👀 What to Watch
Investors should view this as a positive development that strengthens the company's order book and recurring revenue stream. Monitor the company's execution efficiency and its impact on operating margins over the five-year tenure.
Power Mech Projects Bags ₹109.22 Crore O&M Order from Hindustan Zinc
Power Mech Projects Limited has secured a domestic work order valued at ₹109.22 Crores from Hindustan Zinc Limited. The contract involves the comprehensive operation and maintenance (O&M) of a 91.5 MW Captive Power Plant and its associated transmission line. This project is scheduled to be executed over a period of 48 months, providing long-term revenue visibility for the company's service segment. The order reinforces Power Mech's strong presence in the industrial O&M space.
Key Highlights
Total order value of ₹109.22 Crores excluding Goods & Services Tax.
Contract awarded by Hindustan Zinc Limited for O&M of a 91.5 MW CPP.
Execution timeline spans 48 months, ensuring steady cash flows.
Scope includes transmission line maintenance up to the MRSS as an independent contractor.
The order is domestic and does not involve any related party transactions.
👀 What to Watch
Investors should view this as a positive addition to the company's order book, enhancing its recurring revenue stream. Monitor the company's ability to maintain margins in the O&M segment as it scales its service portfolio.
Power Mech Projects Faces Cancellation of Rs 1,563 Crore Battery Storage Project Award
Power Mech Projects Limited announced that West Bengal State Electricity Distribution Company Limited (WBSEDCL) has annulled a tender for a 250 MW/ 1000 MWh Battery Energy Storage System. This results in the rescinding of a Letter of Award (LoA) worth Rs. 1,563 crores previously issued to the company's subsidiary, PM Green Private Limited. The cancellation is attributed to administrative and procedural exigencies by the client rather than any default by Power Mech. While the order book will be reduced by Rs. 1,563 crores, all bank guarantees and bid securities have been released in full.
Key Highlights
Annulment of the 250 MW/ 1000 MWh Standalone Battery Energy Storage System project at Goaltore
Total reduction in the company's order book value by Rs. 1,563 crores
Cancellation attributed to administrative exigencies by WBSEDCL, not company default
Full release of Bid Security and Performance Bank Guarantee without any deductions or forfeitures
👀 What to Watch
Investors should account for the Rs. 1,563 crore reduction in the order book which may impact future revenue visibility. However, since the cancellation was not due to company default, it does not reflect a fundamental operational failure.
