New Order Received: Power Mech Stock Price Jumps After Securing New Work Order Worth ₹971.98 Crore.

Power Mech Projects secured a ₹971.98 crore order from TGGENCO, boosting its total order book to ₹57,915 crore. The stock rose over 2% on the back of this development and has gained over 10% this week.

Share price of Power Mech Projects jumped by 2.37% as of 11:27 AM on Tuesday as the company received a new work order. As of December 31, 2024, the total order book stands at  ₹57,915     The stock was trading at ₹2,791 per share on NSE. The stock is up by more than 10% in the current week. On a year-to-date basis, the stock has gained 7.39% while in the last 12 months it is up by 16.13%.

Work Order Details

Power Mech Projects Limited on Tuesday, May 13,  announced the receipt of a substantial order valued at ₹971.98 crores (excluding GST) from TELANGANA POWER GENERATION CORPORATION LIMITED (TGGENCO), Telangana. 

Project Name: TGGENCO – (Sx800MW)YTPS

Scope of Work:

• Soil investigation, engineering, and design of an integrated township
• Works consisting of Independent quarters (A & B Type) and Multistoried (Stilt+ 10 floors) residential quarters (D, E & F Type)
• Including:
  

  • Fire Fighting System
  • Hospital building
  • School building
  • Club house and commercial complexes
  • Indoor stadium and multipurpose function hall
  • Sports complex, security rooms, and maintenance offices
  • Site leveling and grading
  • Construction of roads, drains, underground potable water tanks, OHSR, septic tanks, and STP
  • Avenue plantation and parking sheds
  • Rainwater harvesting pits
  • Laying BT approach road with a bridge over Tungapadu Vagu
  • Main gate and internal compound walls
  • Street lighting and sub-station at Yadadri Thermal Power Station

Location: Yadadri Thermal Power Station, Veerlapalem (V), Dameracherla (M), Nalgonda District.

The project is to be completed within 30 months. As of December 31, 2025, the company's total order book now stands at a healthy ₹57,915 crores, providing strong revenue visibility for the coming years.   

Latest Financial Performance

In the Quarterly Results of December 2024, the company reported consolidated revenue of ₹1,337.97 crore, reflecting a YoY growth of 20.81% compared to ₹1,107.50 crore in December 2023. The operating profit stood at ₹150.95 crore, marking a 13.92% increase from ₹132.51 crore in the same quarter last year. The consolidated profit after tax (PAT) rose by 33.36% to ₹82.04 crore from ₹61.52 crore in December 2023.

About Company

Power Mech Projects Limited is an infrastructure-construction company based in Hyderabad, India, with a global presence. Established in 1999, the company provides a wide spectrum of services in the power and infrastructure sectors. Its business operations encompass industrial construction, including erection, testing, and commissioning of boilers, turbines, and generators (ETC-BTG) for thermal power plants. 

It also undertakes Balance of Plant (BOP) works, civil construction for power and infrastructure projects, and offers comprehensive operation and maintenance (O&M) services for power plants. Additionally, Power Mech is involved in electrical works such as transmission lines, water-related projects including hydropower plant construction, and mining operations as a Mine Developer and Operator (MDO). The company has expanded its footprint globally with operations in over ten countries through branches, subsidiaries, and joint ventures.

Disclaimer: The article is for informational purposes only and not investment advice.