Power Mech Projects Share Price Gains Over 6%; Secures ₹296 Crore Mumbai Monorail Contract

Power Mech Projects Limited (PMPL), a key player in industrial engineering and infrastructure, has been awarded a ₹296 crore contract by Maha Mumbai Metro Operation Corporation Limited (MMMOCL) for the operations and maintenance of the Mumbai Monorail. 

Details of the Mumbai Monorail Contract 

The contract involves the operations and maintenance of a 19.54 km corridor from Sant Gadge Maharaj Chowk to Chembur, covering 17 stations.  

This 5-year contract marks PMPL's entry into the urban mobility sector, enhancing its portfolio in the infrastructure domain. 

PMPL will manage comprehensive services, including the operation of advanced rolling stock and the upgraded Communication Based Train Control (CBTC) signalling system. The Mumbai Monorail, operational since 2014, is India's only straddle monorail system. 

Strategic Significance for Power Mech Projects 

According to Mr. Sajja Kishore Babu, Chairman and Managing Director, this contract is strategically significant for PMPL, aligning with the company's core competencies in operations and maintenance.  

PMPL aims to deliver high standards of service, focusing on efficiency, safety, and passenger comfort. 

The contract is expected to improve connectivity with other metro, suburban, and railway lines, potentially increasing commuter numbers over time. 

Company Overview 

Established in 1999, Power Mech Projects Limited is a leading infrastructure construction company based in Hyderabad.  

With operations in over 10 countries, PMPL has diversified its services across various sectors, including power, railways, water projects, and renewables. 

Read More: GHV Infra Projects Share Price in Focus; Secures ₹216 Crore Work Orders for Carshed Expansion! 

Power Mech Projects Share Price Performance 

As of April 10, 2026, at 11:37 AM, Power Mech Projects share price on NSE was trading at ₹2,208.80 up by 6.29% from the previous closing price. 

Conclusion 

Power Mech Projects' acquisition of the ₹296 crore Mumbai Monorail contract underscores its growing influence in the infrastructure sector. The project highlights PMPL's commitment to leveraging its expertise in operations and maintenance to meet the demands of urban transit systems. 

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