Power Mech Projects Share Price Jump 4.55% After ₹1,005 Crore Order Win From Adani Power Subsidiaries

Power Mech Projects Ltd shares moved higher on February 18, 2026, rising 4.55% to ₹2,180.80 as of 12:49 pm IST on the NSE, up from the previous close of ₹2,085.90. The stock opened at ₹2,126.00 and traded between ₹2,101.00 and ₹2,204.40 so far during the session.

The rally followed a regulatory filing in which the company confirmed securing large-scale domestic orders worth over ₹1,000 crore (excluding GST and applicable taxes) from subsidiaries of Adani Power Limited.

Two Large Domestic Contracts Drive Stock Rally

In its exchange disclosure dated February 18, 2026, Power Mech Projects stated that it received two contracts aggregating to ₹1,005 crore. The orders were awarded by Mirzapur Thermal Energy (UP) Private Limited and Mahan Energen Limited, both subsidiaries of Adani Power Limited.

The contracts relate to erection, testing and commissioning works, along with manpower assistance for Performance Guarantee Tests of Steam Generators (SG) and Steam Turbine Generators (STG). These assignments are linked to 2×800 MW ultra supercritical thermal power units at the Mirzapur Phase-I and Mahan Phase-III projects.

One order is valued at ₹515 crore and the other at ₹490 crore. Both are to be executed within 36 months from the date of Notice to Proceed (NTP), as per the filing. The company clarified that the contracts are domestic in nature and do not fall under related party transactions.

Power Mech Projects Stock Performance Snapshot

As of 12:49 pm IST on February 18, 2026, on the NSE, the stock was trading at ₹2,180.80, up ₹94.90 or 4.55% from its previous close of ₹2085.90. It touched a high of ₹2,204.40 and a low of ₹2,101.00 so far during the session.

The company’s market capitalisation stood at approximately ₹6.89K Cr, with a price-to-earnings ratio of 20.36, according to exchange data. The 52-week high and low were ₹3,415.00 and ₹1,700.00, respectively.

What this Means for Investors

The confirmed order inflow of ₹1,005 crore adds to the company’s executable workload and provides revenue visibility over the next three years, subject to project timelines and milestone completions.

Given that the projects involve ultra supercritical technology typically used for higher efficiency thermal generation, the contracts may reinforce the company’s presence in large-scale power EPC works. However, revenue recognition will depend on phased execution and adherence to project schedules.

The company has also stated that no promoter or group entities have any interest in the awarding companies.

Broader Market and Sectoral Context

The broader market was trading in positive territory during the session, with selective buying visible in capital goods and engineering counters.

Power Mech Projects featured among the notable gainers on the NSE, with the price movement coinciding with the disclosed order win.

About Power Mech Projects

Power Mech Projects Ltd (NSE: POWERMECH; BSE: 539302) operates in the engineering, procurement and construction (EPC) segment, primarily catering to the power and infrastructure sectors.

Its services include erection, testing, commissioning and operation and maintenance of power plants. The company undertakes projects across thermal and other infrastructure segments, with revenues largely linked to its order book execution.

Power Mech Projects shares rose 4.55% intraday on February 18, 2026, after the company announced ₹1,005 crore worth of domestic orders from subsidiaries of Adani Power Limited. The contracts, to be executed over 36 months, strengthen the company’s order pipeline. The stock’s upward move reflected investor response to the confirmed development disclosed to exchanges.

Source:

• https://nsearchives.nseindia.com/corporate/POWERMECH_18022026121929_Disclosure.pdf
• https://www.nseindia.com/get-quote/equity/POWERMECH/Power-Mech-Projects-Limited