Power Mech Projects Limited has been awarded a major operations and maintenance contract for the Mumbai Monorail. Valued at ₹296.44 crore, the project covers a 19.54 km corridor featuring 17 stations between Sant Gadge Maharaj Chowk and Chembur. This contract, spanning a duration of five years, marks a significant addition to the company’s service portfolio in the urban transit infrastructure space.
Strategic Transit Project Win
Power Mech Projects Limited has officially secured a high-value contract from the Maha Mumbai Metro Operation Corporation Limited. The project centers on the comprehensive operations and maintenance (O&M) of the Mumbai Monorail system, a critical component of the city’s public transport network. This contract win underscores the company’s growing expertise in providing specialized infrastructure services for urban transit systems.
Contract Details and Scope
The agreement is valued at ₹296.44 crore, excluding Goods and Services Tax. The scope of work involves the end-to-end operation and maintenance of the 19.54 km corridor. The route connects two vital transport nodes: Sant Gadge Maharaj Chowk and Chembur. The contract includes the management of 17 stations along this route to ensure operational efficiency and passenger safety.
Long-Term Operational Commitment
The contract has been awarded for a duration of five years, providing the company with long-term revenue visibility. As a domestic entity, Power Mech Projects will be responsible for the seamless functioning of this monorail corridor, further solidifying its reputation as a reliable partner for urban mass transit authorities. The project aligns with the company’s strategic goal of expanding its footprint in the maintenance and operations segment of India’s evolving transit infrastructure.
Source: BSE
