Power Mech Arabia Secures USD 52.1 Mn Contract in Saudi Arabia

Power Mech Projects Limited's subsidiary, Power Mech Arabia Contracting Company, has secured a contract worth USD 52,119,109 (approximately INR 492 Crores) from a Joint Venture of ELSEWEDY ELECTRIC POWER SYSTEMS PROJECTS and SINOHYDRO CORPORATION LIMITED. The contract involves the installation of Heat Recovery Steam Generators, a Steam Turbine, and Balance of Plant Combined Cycle Piping for the Rabigh 2 IPP Expansion Project in Saudi Arabia. The main work is valued at USD 40,982,353 (~INR 386.87 Crores) and the optional work at USD 11,136,756 (~INR 105.13 Crores). The execution period for the contract is 20 months, commencing January 1, 2027.