Business Update29 Sept 2026, 06:11 pm
Power Mech Bags ₹549.37 Cr O&M Order from Adani Group's Moxie Power
AI Summary
Power Mech Projects Ltd has secured a significant domestic order worth ₹549.37 Crores from MOXIE POWER GENERATION LIMITED, an Adani Group company. The contract involves providing comprehensive Operation and Maintenance (O&M) services for the 2x600 MW Moxie Power Generation Ltd Tuticorin Thermal Power Plant. This 60-month contract is scheduled to commence on October 1, 2026, and conclude on September 30, 2031. The order is not a related party transaction, and no promoter or group company has an interest in the awarding entity.
Key Highlights
- Secured ₹549.37 Cr order from Adani Group's Moxie Power.
- Contract for 60 months of O&M services at Tuticorin TPP.
- Order boosts company's long-term service revenue visibility.
- Domestic contract, no related party involvement.
Price Impact
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