Power Mech Wins ₹970 Crore Vedanta Power Contract; Shares Rise 1.57%

Mumbai September, 09: Power Mech Projects Limited has secured a ₹970 crore operations and maintenance order from Vedanta Power Limited for its 2,600 MW thermal power plant in Chhattisgarh.

According to the exchange filing, the order has been awarded by Vedanta Power Limited for end-to-end operations and maintenance services at its Sijti Thermal Power Plant in Sakti district, Chhattisgarh.

The project covers the operation and maintenance of the power plant, which comprises two units of 600 MW each and two units of 700 MW each, taking the total installed capacity to 2,600 MW.

The contract has a broad consideration of ₹970 crore, excluding GST. This includes a basic contract value of ₹890 crore and a provision of ₹80 crore for additional services.

Stock Market Snapshot

The Power Mech share price stood at ₹2,453.10, up ₹38 or 1.57%, as of 12:09:04 PM IST on September 9, 2026, according to the market data shown.

The stock recovered from early-session weakness and moved steadily higher through the morning. It crossed ₹2,450 after midday and was holding close to that level at the latest available timestamp.

The rise comes alongside the company’s disclosure of the ₹970 crore Vedanta Power contract.

Contract To Run For Up To 60 Months

The O&M contract is scheduled to be executed within 60 months from the date of issuance of the Letter of Intent or order confirmation.

The assignment gives Power Mech responsibility for end-to-end operations and maintenance at the Sijti Thermal Power Plant. The ₹80 crore provision for additional services provides a separate component within the overall contract value, while the basic contract value stands at ₹890 crore.

The order has been classified as a domestic contract, and the company has confirmed that there is no promoter or promoter-group interest in the awarding entity.

Vedanta Plant Adds To Power Mech’s O&M Portfolio

Power Mech Projects provides engineering, construction, operations and maintenance services across power and infrastructure projects.

The latest contract expands its exposure to long-duration O&M work in the power generation sector. Unlike a short-term supply order, the five-year assignment provides a defined operating and maintenance mandate for a large generating facility.

The contract also covers a sizeable 2,600 MW thermal power asset, adding scale to Power Mech’s O&M business.

Power Mech Continues To Build Large Infrastructure Order Pipeline

Power Mech has built its business around execution capabilities across power generation and other infrastructure segments, with operations extending into construction and maintenance services.

The Vedanta Power order adds a substantial contract to the company’s execution pipeline and provides visibility over operations and maintenance activity for up to 60 months.

The filing also confirms that the transaction does not fall under related-party transactions.

Conc lusion

Power Mech Projects has secured a ₹970 crore O&M contract from Vedanta Power for its 2,600 MW Sijti Thermal Power Plant in Chhattisgarh.

The five-year assignment carries a basic value of ₹890 crore, along with an ₹80 crore provision for additional services, excluding GST. Work is to be executed within 60 months from the issuance of the LOI or order confirmation.

Meanwhile, the Power Mech share price was trading at ₹2,453.10, up 1.57%, as of 12:09:04 PM IST on September 9, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/POWERMECH/Power-Mech-Projects-Limited
• https://nsearchives.nseindia.com/corporate/POWERMECH_09092026113918_DISCLOSURE.pdf