Power Mech Projects gains after securing Rs 109 crore order from 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.