Power Mech Projects Limited has announced securing a significant order worth ₹327.35 crore (excluding GST) from Vedanta Aluminium Metal Limited. The contract involves the end-to-end operation and maintenance of a 130 MW power plant and the operation and maintenance of BOP of 90 MW at a coal-fired co-generation power plant. This substantial order is for a duration of 48 months and reinforces the company’s position in the power sector.
New Major Contract Secured
Power Mech Projects Limited has announced a significant new order win valued at ₹327.35 crore (exclusive of GST). The contract has been awarded by Vedanta Aluminium Metal Limited and marks a substantial addition to the company’s order book. This development underscores Power Mech Projects’ growing capabilities and its trusted position within the industrial sector.
Scope of Work and Contract Details
The scope of this new order encompasses the comprehensive end-to-end operation and maintenance (O&M) of a 130 MW power plant. Additionally, it includes the O&M of the Balance of Plant (BOP) for a 90 MW coal-fired co-generation power plant. This extensive contract is situated at Vedanta Limited’s facility in Kalahandi, Lanjigarh, Odisha, India.
Contract Duration and Value
The agreement for these services is set for a substantial period of 48 months, ensuring a stable revenue stream for Power Mech Projects over the next four years. The total consideration for this contract, before taxes, is pegged at ₹327.35 crore, highlighting the scale and importance of the project.
Company and Contract Type
The entity awarding the contract is Vedanta Aluminium Metal Limited, identified as a Domestic Entity. The nature of the contract is classified as Operations and Maintenance, a core competency for Power Mech Projects. The company has also confirmed that neither the promoter nor the promoter group have any interest in Vedanta Aluminium Metal Limited, and the contract does not fall within related party transactions.
Source: BSE
