Power Mech Projects bags ₹549 crore O&M order from Adani Group's Moxie Power Generation

Power Mech Projects has secured a ₹549.37 crore O&M contract from Adani Group's Moxie Power Generation for its 2x600 MW Tuticorin thermal power plant.

The contract is for 60 months, from October 1, ...

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+ Follow on Google Add as preferred source Integrated power infrastructure services company Power Mech Projects Ltd on Tuesday (September 29) said it has secured a ₹549.37 crore order from Moxie Power Generation Ltd of the Adani Group for complete operation and maintenance (O&M) services at its 2x600 MW Moxie Power Generation Tuticorin Thermal Power Plant (TPP).

The contract, awarded by a domestic entity, will run for 60 months from October 1, 2026 to September 30, 2031.

The order value of ₹549.37 crore includes all taxes and duties, except Goods and Services Tax (GST).

Under the contract, Power Mech Projects will provide complete O&M services at the 2x600 MW Tuticorin TPP operated by Moxie Power Generation Ltd.

ALSO READ | Power Mech Projects wins ₹266 crore contract from Adani Infrastructure The company said neither its promoter, promoter group nor group companies have any interest in Moxie Power Generation.

The order also does not fall under related-party transactions.

Yesterday, Power Mech Projects Ltd said it had secured a ₹279.20 crore order from Telangana Power Generation Corporation Limited for operation and maintenance work at the Yadadri Thermal Power Station (YTPS) on Monday (September 28).

The order covers comprehensive operation and maintenance of the mechanical, electrical and control and instrumentation systems, along with upkeep of the ash handling plant and the complete coal handling plant at Yadadri Thermal Power Station.

ALSO READ | Power Mech enters urban mobility with ₹296 crore Mumbai Monorail contract Under the order, Power Mech Projects will undertake work for the ash handling plant of Stage-I, covering Units 1 and 2, and Stage-II, covering Units 3, 4 and 5.

The scope also includes the complete coal handling plant of the 5x800 megawatt Yadadri Thermal Power Station.

The order will be executed over a period of three years from the date of issuance of the Letter of Intent (LOI) or order confirmation.

The order value of ₹279.20 crore includes all provisions but excludes Goods and Services Tax (GST).

A Price Variation Clause (PVC) will apply in the second and third years.

Shares of Power Mech Projects Ltd ended at ₹2,394.20, up by ₹34.00, or 1.44%, on the BSE.

ALSO READ | Power Mech wins ₹710 crore contract to run Adani’s Maharashtra power plant Add as preferred source Follow CNBC-TV18 on Google and never miss an update!

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