STOCKWATCH

Power Mech Projects Secures X186 Crore Order from Jaiprakash Power Ventures Limited

Power Mech Projects Ltd has announced that it has secured an X186 Crore (excluding GST) order from Jaiprakash Power Ventures Limited (JPVL). The order involves providing Field Operation and Maintenance services for the 2 x 660MW Jaypee Nigrie Super Thermal Power Plant in Nigrie, Madhya Pradesh, over a five-year period starting from January 1, 2025, to December 31, 2029. The contract value/month for the first year would be X3.10 crores per month, with a monthly price escalation based on the Wholesale Price Index (WPI) for the remaining 48 months.

• Secured X186 Crore order from Jaiprakash Power Ventures Limited
• Involves providing Field Operation and Maintenance services for 2 x 660MW Jaypee Nigrie Super Thermal Power Plant
• Five-year contract period from 2025 to 2029
• Monthly price escalation based on Wholesale Price Index (WPI) from 2026 to 2029
• Power Mech Projects Ltd shares increased by 5% after the announcement