Power Mech Projects shares soar 6% on bagging orders over ₹1,000 crore from Adani Power subsidiaries

The stock was trading 4.08% higher at ₹2,171 per equity share at around 2:41 pm.

The scrip has lost 0.3% in the past week and 3% over the month. On a year-to-date basis, it has declined 5%.

While the share hit a 52-week high of ₹3,415 on June 10, 2025, it touched a year’s low of ₹1,700 per unit on March 3, 2025.

Order wins

In a regulatory filing, the company said that it received the two orders from the subsidiaries of Adani Power.

It received one project worth ₹515 crore (excluding GST and other applicable taxes and cess, if any) from Mirzapur Thermal Energy (UP) Pvt Ltd.

The scope of the order includes “the erection, testing, commissioning and manpower assistance for performance guarantee test of the steam Generator (SG) (Package A) and the steam Turbine Generator (STG) (Package B) for Units 1 and 2 of 2x800 MW Mirzapur phase-I ultra supercritical thermal power project.”

It was awarded the second project for ₹490 crore by Mahan Energen Ltd, another Adani Power subsidiary.

According to the filing, the scope of the project includes onsite services for erection, testing, commissioning and manpower assistance for the performance guarantee test of steam generator (SG) & steam turbine generator (STG) and its auxiliaries for the 2x800 MW Mahan PhaseIll Ultra Supercritical Thermal Power Project.”

Both orders are expected to be executed within 36 months from the required erection start date as notified in the notice to proceed (NTP).

Power Mech Project has a total market capitalisation of ₹6,865.79 crore, as of February 18, 2026, according to data on the NSE.