Power Mech Projects has received a major order worth ₹1,008.90 crore from JSW Thermal Energy, strengthening its order book and boosting growth prospects in the infrastructure sector.
Engineering and infrastructure firm Power Mech Projects Limited has announced a major contract win that could attract investor attention once the market reopens. The company stated that it has received an order worth ₹1,008.90 crore (including GST) from JSW Thermal Energy Limited for a major thermal power project in West Bengal. This development further strengthens the company’s position in the power and infrastructure sector.
The newly awarded contract relates to a 2×800 MW thermal power project being built in Salboni, West Bengal. Under this agreement, Power Mech will handle civil and structural work related to the boiler, turbine, and generator (BTG) segment. These components are crucial for power plant construction, reflecting the project’s scale and technical complexity. The company confirmed that the execution timeline is 36 months from the start date.
This is the second major order received by the company in June 2026, reflecting continued growth in the business. Previously, on June 3, the firm received a contract worth ₹266.26 crore from Adani Infrastructure Management Services Limited. That project included operation and maintenance (O&M) services for a 2 x 300 MW thermal power plant in Butibori, Maharashtra, with a focus on KPI-based performance delivery.
PowerMech is also expanding its reach into urban infrastructure. In April 2026, it secured a ₹296 crore contract from Maha Mumbai Metro Operation Corporation Limited for the Mumbai Monorail. The project covers a 19.54 km corridor with 17 stations and includes complete O&M services over a five-year period. This diversification demonstrates the company’s ability to capitalize on opportunities in diverse sectors beyond traditional power projects.
With several large contracts in the power, metro, and infrastructure segments, the company’s order book has strengthened rapidly. This ensures improved revenue visibility in the coming years and reduces dependence on a single sector. Growing investments in infrastructure and energy projects across India are creating favorable conditions for companies like PowerMech to expand their operations and improve long-term earnings potential.
The company’s stock is currently trading around ₹2,840.50, with a 52-week high of ₹3,415.45 and a low of ₹1,718. Over the past three months, the stock has gained 44.51%, while it has delivered a strong five-year return of 727.70% and a decade-long return of 919.56%. The company has a market capitalization of ₹8,980.61 crore. Promoters hold a majority stake of 58.41%, while both foreign institutional investors (FIIs) and domestic institutional investors (DIIs) have gradually reduced their holdings in recent quarters, indicating a shift in institutional participation.
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