Power Mech Projects Wins Rs 3,126 Cr Battery Storage Deal

Power Mech Projects shares moved higher after the company announced a major clean energy order through its wholly owned subsidiary, PM Green. The stock increased by 2.36 percent to Rs 2,413.60 as PM Green has won a contract of 3,126 crore by West Bengal State Electricity Distribution Company (WBSEDCL).

The order is that of establishing a 250 MW / 1,000 MWh standalone Battery Energy Storage System (BESS) at Goaltore in Paschim Medinipur, West Bengal. The project shall be implemented based on a build-own-operate and shall consist of project design, project financing and project engineering, project procurement, project construction, long-term project operation and maintenance.

The commissioning will be done in 18 months after the signing of the Battery Energy Storage Purchase Agreement, and the operations and maintenance of the battery will be 180 months.

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One of the most important aspects of the project is the fact that WBSEDCL will offer a 100 percent off-take guarantee, which will guarantee that PM Green can rely on the high level of consistent and predictable revenue in the long run. Besides, the contract also contains a greenshoe provision of another 250 MW / 1,000 MWh BESS in the Durgapur Project campus in Durgapur, West Bengal, which may increase the size of the project under the same condition that it is exercised.

The recent acquisition helps to further position Power Mech Projects as a force in the sector of energy storage, and it fits into the trend of India moving toward grid-scale storage. The recent financial performance of the company contributes to the confidence of investors as the consolidated net profit increased 11.70 percent annually to Rs 74.92 crore in the Q2 FY26. Operation revenues also improved significantly as the increase was 19.54% on year-on-year basis to Rs 1,237.87 crore in the quarter to September 30, 2025.

Power Mech Projects based in Hyderabad has continued to be one of the top construction and infrastructure companies in the country, and its exposure to clean and sustainable energy projects is growing.