Power Mech Projects Limited has announced securing a significant order worth ₹970 crore from Vedanta Power Limited. The contract involves end-to-end operations and maintenance services for Vedanta’s Sakti Thermal Plant in Chhattisgarh. This substantial order, excluding GST, is expected to be executed within 60 months from the LOI/Order Confirmation date, bolstering the company’s order book and future revenue streams.
Major Order Secured by Power Mech Projects
Power Mech Projects Limited has successfully clinched a significant contract valued at ₹970 crore from Vedanta Power Limited. This order is a key development for the company, enhancing its order book and providing substantial future revenue visibility. The announcement was made on September 9, 2026.
Contract Details and Scope
The contract pertains to end-to-end operations and maintenance services for Vedanta Power Limited’s Sakti Thermal Plant. This plant is a 2×600 MW coal-based thermal power facility located in Chhattisgarh. The agreement outlines a comprehensive scope of work designed to ensure the efficient and continuous operation of the power plant.
Contract Value and Timeline
The broad consideration for this order is ₹970 crore, which comprises a basic value of ₹890 crore and an additional ₹80 crore for associated services. This value is exclusive of Goods and Services Tax (GST). The stipulated time period for the execution of the order(s)/contract(s) is within 60 months from the date of issuance of the Letter of Intent (LOI) or Order Confirmation.
Entity and Ownership
The entity awarding the order is Vedanta Power Limited, a domestic entity. It is noteworthy that neither the promoter, promoter group, nor any group companies of Power Mech Projects Limited have any interest in Vedanta Power Limited. Furthermore, the contract does not fall within the scope of related party transactions.
Source: BSE
