Power Mech Share Price Rises 6% After Securing ₹579 Crore BHEL Order.

Market Performance

Power Mech Projects' share price surged by 6% on March 24, 2025, following the announcement of a ₹579 crore order from Bharat Heavy Electricals Ltd (BHEL). At around 9:20 AM, the stock was trading at ₹2,304.50 per share on the National Stock Exchange (NSE).

On March 21, 2025, Power Mech's stock closed at ₹2,168.85, reflecting a nearly 6% increase. It outperformed the BSE Sensex, which gained 0.73%.

BHEL Work Order Details

Power Mech Projects received an order worth ₹579 crore from BHEL for civil, structural, and architectural work at the 2x800 MW DVC Koderma (KTPS) Phase-II project in Jharkhand. The contract encompasses a broad range of civil works, including:

• Levelling and grading of the power block area
• Land leasing and preparation for labor accommodations
• Construction of restrooms for operation and maintenance workers
• Building sheds for construction workers

Infrastructure development tasks include laying the foundations for significant structures like the powerhouse, boiler, electrostatic precipitator, mill, bunker, and fan. Additional work involves road paving, walkways, and service facility construction with parking spaces.

The contract also covers the installation of utility and support systems such as:

• Rooftop solar systems in the power block area
• Sewage water lines in the power generation zone
• Civil works for low-pressure piping and fire-fighting systems
• Pipe racks, cable racks, underground cables, and wire duct civil works

The project is scheduled for completion within three years. Power Mech has secured the order last month from Koderma Project.

Company Details

Power Mech Projects is a Hyderabad-based engineering and infrastructure construction company specializing in comprehensive services for the power sector. Its expertise includes the erection, testing, and commissioning of power plants. As of the December 2024 quarter, the company reported an order book valued at ₹4,242 crore.

Summary

Power Mech Projects' share price rose 6% following the announcement of a ₹579 crore order from BHEL for civil and structural works at the DVC Koderma Phase-II project in Jharkhand. The contract involves extensive civil work, infrastructure development, and utility installations. With an order book of ₹4,242 crore, Power Mech remains a key player in the power sector's engineering and construction domain.