Power Mech Projects rises after securing O&M contract worth Rs 970 crore from Vedanta Power

The contract is for undertaking the operations and maintenance of two MW coal-based thermal power plant at Vedanta Power's Sakti Thermal Plant, located in village Singhitarai, Sakti District, Chhattisgarh.

This contract is valid for a period of 60 Months from the date of issuance of letter of intent (LOI) or order confirmation.

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 44.0% decline in consolidated net profit to Rs 79.78 crore in Q1 FY27, compared with Rs 142.55 crore in Q4 FY26. Net sales increased 25.53% YoY to Rs 1,623.68 crore in the quarter ended 30 June 2026.

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