Deals7 Nov 2026, 01:02 pm
Power Mech Arabia Secures USD 52.1M Contract in Saudi Arabia
AI Summary
Power Mech Arabia Contracting Company, a subsidiary of Power Mech Projects Limited, has secured a contract worth USD 52,119,109 (approximately INR 492 Crores) from an international joint venture for the Rabigh 2 IPP Expansion Project in Saudi Arabia. The scope of work includes the installation of heat recovery steam generators, a steam turbine, and balance of plant piping. The contract has a duration of 20 months, commencing January 1, 2027. This significant international award underscores the company's growing presence and capabilities in overseas markets.
Key Highlights
- Subsidiary Power Mech Arabia wins international contract.
- Contract value is USD 52.1M (~INR 492 Cr).
- Project: Rabigh 2 IPP Expansion in Saudi Arabia.
- Execution period: 20 months starting Jan 1, 2027.
- No promoter or related party interest in the awarding entity.
Price Impact
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