Power Mech Projects Secures Rs 972 Crore Order from TSGENCO

Power Mech Projects Limited, a leading engineering and construction company, has clinched a significant order worth Rs 971.98 crore (excluding GST) from Telangana Power Generation Corporation Limited (TSGENCO). The contract involves the design and construction of an integrated township at the Yadadri Thermal Power Station in Nalgonda, Telangana, marking a notable addition to the company’s robust project portfolio.

The project is all about creating a community with homes, roads, and everything else a township needs to thrive. Power Mech is ready to roll up its sleeves, promising to get the work done on time while keeping quality and safety front and center.

The news lit up the stock market, with Power Mech’s shares jumping 3.29% to Rs 2,815 on the NSE. That’s pushed the company’s market value to around Rs 8,000 crore, and investors are buzzing about what’s next.

Power Mech has been on a hot streak, snagging major deals left and right. They recently scored a Rs 510 crore contract with Adani Power for a thermal power project in Chhattisgarh and a Rs 563 crore gig from BHEL for civil work at the Kaiga Atomic Power Project. From power plants to railways and mining, they’re tackling it all.

This Yadadri township is part of Telangana’s plan to boost the areas around its power stations, making life better for locals. Power Mech’s role here shows they’re all in on helping India build a stronger future.

With more big contracts likely on the way, industry folks are betting on Power Mech to keep climbing. Their track record of nailing tough projects makes them a standout.