Power Mech Projects shares soar 6% on bagging order worth ₹549 crore from Moxie Power Generation

The scope of work includes "providing complete operation and maintenance services at 2x600 MW Moxie Power Generation Ltd. Tuticorin TPP", the firm said in a regulatory filing.

The order has a contract period of five years or 60 months, ranging from October 1, 2026, to September 30, 2031, the filing added.

Recent updates

In a separate regulatory filing dated September 28, the company said it bagged an operations and maintenance order worth ₹279.20 crore from Telangana Power Generation Corporation Ltd.

The order, which is for a period of three years from the date of issuance of the letter of intent (LoI), is for a comprehensive operation and maintenance (Mechanical, Electrical, C&I) and upkeep work package for the Ash Handling Plant of Stage-I (Unit No.1 & 2) & Stage-II (Unit No.3, 4 & 5) and complete Coal handling plant of YTPS (5X800 MW).

On September 9, Power Mech Projects won a ₹970 crore order from Vedanta Power Ltd.

It secured the order for “an end-to-end operations and maintenance contract at 2x600 MW at Vedanta Power Limited’s Sakti Thermal Plant, Chhattisgarh Coal-based Thermal Power Plant, situated at village Singhitarai, Sakti (Distr.), Chhattisgarh,” as per a filing.

Power Mech Projects Q1 results

Power Mech Projects reported a 51.9% year-on-year (YoY) increase in its consolidated net profit to ₹79.78 crore in the April-June quarter of the 2026-27 financial year (Q1 FY27), compared with ₹52.52 crore in the same period last year.

Its revenue from operations jumped 25.5% YoY to ₹1,623.68 crore during the quarter under review, as against ₹1,293.41 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

Power Mech Projects stock performance

At around 2:37 PM, the scrip stood at ₹2,486 per equity share, marking a 3.70% increase.

The shares have gained more than 1% in the past week but lost 1% over the month. On a year-to-date (YTD) basis, they have advanced 9%.

While the stock hit a 52-week high of ₹3,007.50 per equity share on June 22, 2026, it touched a year’s low of ₹1,717.70 apiece on March 30, 2026.

Power Mech Projects has a total market capitalisation of ₹7,847.16 crore as of September 30, 2026, according to data on the NSE.