Power Mech Projects Share Price in Focus as Tender Annulled by WBSEDCL for 250 MW Battery Storage System

Power Mech Projects Limited has reported a significant reduction in its order book following the cancellation of a major battery energy storage project previously awarded to its wholly owned subsidiary. 

Tender Annulled and LoA Withdrawn 

West Bengal State Electricity Distribution Company Limited (WBSEDCL) has scrapped the tender for a 250 MW / 1000 MWh standalone battery energy storage system at Goaltore. 

Consequently, the Letter of Award (LoA) issued on January 8, 2026, to PM Green Private Limited has been withdrawn.  

The company clarified that the cancellation stems from administrative and procedural reasons arising due to circumstances beyond the control of both parties. 

No Default by Company, Guarantees Released 

Importantly, the annulment is not linked to any lapse or non-compliance by the company or its subsidiary.  

Following the cancellation, both the bid security and performance bank guarantee submitted for the project have been released in full, without any deductions or forfeiture. 

This ensures that there is no immediate financial liability arising from the termination of the project. 

Impact on Order Book and Business Outlook 

As a direct consequence of the cancellation, Power Mech’s order book will see a reduction of ₹1,563 crore. The project was a sizeable addition to the company’s pipeline in the energy storage segment. 

While the development impacts near-term order visibility, the absence of penalties and the nature of cancellation suggest limited operational disruption beyond the order book adjustment. 

Read More: Power Mech Projects Bags ₹709.56 Crore Adani Contract; Stock Falls Despite Strong Order Win! 

Power Mech Share Price Performance  

As of 25 March 2026, at 3:30 PM, Power Mech Projects share price closed at ₹1,917.80 per share, reflecting a surge of 2.06% from the previous closing price.  

Conclusion 

The cancellation marks a notable setback in terms of order inflow; however, with no fault attributed to the company and no financial penalties involved, the impact remains largely confined to the reduction in order book value. 

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