Power Mech Secures ₹109 Crore Order; Shares Up 6.33%

Mumbai, April1: Power Mech Projects Limited has secured a ₹109.22 crore order from Hindustan Zinc Limited for operation and maintenance work.

The company will handle the complete operation and maintenance of a 91.5 MW captive power plant along with its transmission line up to the MRSS, according to an exchange disclosure.

The company said it will act as an independent contractor, with no promoter group interest involved in the awarding entity.

Stock Market Snapshot

Power Mech Projects share price reacted firmly to the update, with buyers stepping in early during the session.

As of 11:46 am IST on April 1, 2026, the stock was trading at ₹1,842.40, higher by ₹109.60 or 6.33%, as per exchange data. The session saw the stock test a high of ₹1,843.00, not far from its current levels, indicating sustained demand through the morning.

The Power Mech Projects share price trend suggests that investors are placing value on predictable cash flows.

Business Model Anchored In Execution Capability

Power Mech Projects Limited has built its reputation around execution. From erecting large-scale power assets to maintaining them over long cycles, the company operates across the lifecycle of infrastructure projects.

Its presence spans thermal, hydro and renewable segments. Over time, the shift towards services such as operation and maintenance has added a layer of stability to what is otherwise a project-driven business.

Both public and private sector engagements ensure that order inflows are not concentrated in a single segment or geography.

Conclusion

The Hindustan Zinc order may not be the largest in size, but it carries weight in terms of duration and predictability.

That distinction appears to have resonated with the market. On April 1, 2026, the stock moved higher as investors responded to the visibility embedded in the contract, rather than just its headline value.

Source: 

• https://www.nseindia.com/get-quote/equity/POWERMECH/Power-Mech-Projects-Limited
• https://nsearchives.nseindia.com/corporate/POWERMECH_01042026103829_Disclosure.pdf