Power Mech Projects shines on securing ₹3,216 crore large order from West Bengal Electricity Board

Shares of Power Mech Project held on to the gains in the afternoon session, after the company announced securing a large-scale order from the West Bengal State Electricity Board. Power Mech Project’s share price jumped 1.3% higher in the early morning session to hit an intraday high of ₹3,428 apiece on the NSE.

Power Mech Project’s wholly owned subsidiary -- PM Green has secured large-scale order worth ₹3,126 crore (excluding GST) (Including Greenshoe option) from West Bengal State Electricity Distribution Company (WBSEDCL) for setting up of a 250 MW / 1,000 MWh Standalone Battery Energy Storage System (BESS) at Goaltore, Paschim Medinipur, West Bengal, under the Build-Own-Operate (BOO) model, along with an additional Greenshoe option of 250 MW / 1,000 MWh at the Durgapur Project (DPL) campus, Durgapur, West Bengal.

The project is scheduled to be commissioned in 18 Months from the date of signing of the Battery Energy Storage Purchase Agreement (BESPA). The operation and maintenance period of the project will be 180 months from the scheduled commissioning date.

Earlier in October, the company secured a large-scale order worth over ₹2500 crore (excluding GST) from Bharat Heavy Electricals (BHEL). The order is for the EPC package for balance of plants (BOP) at 1 X 800 MW Singareni Super Thermal Power Project, Stage - II, Mancherial, Telangana. The order is to be executed within 38 months from the date of the start of work.

Power Mech Projects is an integrated power infrastructure services company. The company's operations include three business lines: Erection Works, Operation & Maintenance (O&M) Services and Civil Works.