Power Mech Projects Share Price Surges on Securing ₹970 Crore Order from Vedanta Power

Power Mech Projects has picked up a ₹970 crore order from Vedanta Power for operations and maintenance work at its Sakti Thermal Plant in Chhattisgarh, as per the exchange filing. 

The contract covers the 2×600 MW coal-based power plant and will run for 60 months from the date of the Letter of Intent or order confirmation.  

Contract Covers 1,200 MW Plant 

The order is for end-to-end operations and maintenance of Vedanta Power's Sakti plant, located in village Singhitarai in Sakti district. 

With two 600 MW units, the facility has a total capacity of 1,200 MW. Power Mech Projects will handle the O&M work under the contract.  

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₹890 Crore Basic Value Plus Additional Services 

The total contract value stands at ₹970 crore, excluding GST. Of this, ₹890 crore is the basic order value, while another ₹80 crore has been provided for additional services. 

The contract is to be executed within 60 months, giving the order a five-year execution period.  

Order Comes from Vedanta Power 

The contract has been awarded by Vedanta Power Limited's Sakti Thermal Plant. The company has classified the order as domestic and its nature as an operations and maintenance contract. 

Power Mech Projects has also stated that its promoter or promoter group has no interest in the entity that awarded the order. The company has said the contract does not fall under related-party transactions.  

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Power Mech Projects Share Price Performance  

As of 09 September 2026, at 12:35 PM, Power Mech Projects share price is trading at ₹2,444.10 per share, reflecting a surge of 1.20% from the previous trading session. 

Conclusion 

Power Mech Projects has added a ₹970 crore O&M contract covering Vedanta Power's 1,200 MW Sakti thermal plant. The work is scheduled to run for 60 months, with ₹890 crore forming the basic contract value and ₹80 crore set aside for additional services. 

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