en.Wedoany.com Reported - Indian engineering and construction company Power Mech Projects has secured an operation and maintenance (O&M) contract from Adani Infrastructure Management Services for a dual-unit 300 MW thermal power plant in Butibori, Maharashtra. The total contract value is Rs 2,662.6 million (Rs 2,662.6 million), classified as a domestic transaction, and will be executed under a Key Performance Indicator (KPI) framework.
The contract term is 60 months, covering the period from July 1, 2026, to June 30, 2031. This arrangement does not constitute a related party transaction, and neither the promoters nor their group companies hold any interest in the awarding entity. The contract category is defined as a domestic order. Power Mech Projects' core business includes the erection, testing, and commissioning (ETC) of boilers, turbines, and generators, balance of plant works, civil construction, and comprehensive O&M services in the power, infrastructure, and industrial sectors. The company will leverage its ETC and O&M capabilities to meet the KPI targets set by the client, with daily tasks covering maintenance, performance optimization, and compliance management.
In the quarter ended March 31, 2026, the company's consolidated net profit increased by 21.6% year-on-year to Rs 1,425.5 million (Rs 1,425.5 mn), while operating revenue rose by 13.89% to Rs 21,107.3 million (Rs 21,107.3 mn). During the same period, the company's share price on the Bombay Stock Exchange (BSE) rose by 0.55% to close at Rs 25,013.10. Management noted that the contract helps consolidate the company's market position in Maharashtra and provides support for recurring revenue.
The contract execution will be handled by the company's existing operations team and will be continuously monitored under the KPI framework throughout the agreement period. This order further strengthens Power Mech Projects' credentials in the domestic thermal power O&M sector.
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