Power Mech Projects Limited has secured a new order worth ₹266.26 crore from Adani Infrastructure Management Services Limited for operations and maintenance services at a thermal power plant in Maharashtra.
Power Mech Projects informed the exchanges that it has received an order from Adani Infrastructure Management Services Limited, a part of the Adani Group.
The scope of work involves providing KPI-based operations and maintenance services for a 2x300 MW thermal power plant located in Butibori, Maharashtra.
The contract has been awarded by a domestic entity and is valued at ₹266.26 crore, excluding Goods and Services Tax (GST). The order is scheduled to be executed over a period of 60 months, commencing from July 1, 2026, and continuing until June 30, 2031.
Power Mech Projects reported a 21.6% year-on-year increase in consolidated net profit to ₹142.55 crore in Q4 FY26, compared with ₹117.24 crore in Q4 FY25.
Revenue from operations rose 13.89% year-on-year to ₹2,110.73 crore for the quarter ended March 31, 2026.
Total expenses increased 14.57% to ₹1,933.11 crore from ₹1,687.29 crore reported in the corresponding quarter of the previous year. During the quarter, the cost of raw materials consumed stood at ₹292.14 crore, up 3.03% year-on-year, while employee benefit expenses rose 16.58% year-on-year to ₹216.59 crore.
On a full-year basis, the company's consolidated net profit grew 11.49% to ₹363.98 crore, while revenue from operations increased 15.81% to ₹6,061.57 crore in FY26 compared with FY25.
The Board of Directors recommended a final dividend of ₹1.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026, representing 15% of the face value.
According to the latest shareholding pattern, promoter holding in Power Mech Projects increased to 58.41% in the quarter ended March 2026, compared with 58.33% in the quarter ended December 2025.
As of June 3, 2026, at 1:30 PM, Power Mech Projects share price was trading at around ₹2,525.00, up 1.43% from the previous day's closing price.
The stock has delivered a return of approximately 25% over the past three months.
Read More: Power Mech Projects Share Price Gains Over 6%; Secures ₹296 Crore Mumbai Monorail Contract
The order establishes Power Mech Projects as the operations and maintenance service provider for the 2x300 MW thermal power plant at Butibori, Maharashtra. The contract, valued at ₹266.26 crore excluding GST, will be executed over a five-year period.
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Published on: Jun 3, 2026, 1:47 PM IST
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