Power Mech Projects Secures ₹970 Cr O&M Contract from Vedanta

Power Mech Projects Ltd has announced securing a significant Operations and Maintenance (O&M) contract from Vedanta Power Limited for its 2x600 MW Sakti Thermal Plant in Chhattisgarh. The contract is valued at ₹970 Crores, comprising a basic value of ₹890 Crore and ₹80 Crore for additional services, excluding GST. This domestic contract is for an end-to-end O&M scope and is to be executed within 60 months from the issuance of the Letter of Intent (LOI) or Order Confirmation. The company confirmed that neither the promoter group nor group companies have any interest in Vedanta Power Limited, and the contract does not fall under related party transactions.