Power Mech Projects Secures Rs 294 Crore Contract from Adani Power

Power Mech Projects announced it has won a Rs 294 crore contract from Adani Power for the Korba Phase-II Thermal Power Project in Chhattisgarh. This includes overhauling, erection, and commissioning services for Unit 3 and 4. Company shares rose by 4.19% on the BSE.

Power Mech Projects has announced a significant achievement by securing a contract worth Rs 294 crore from Adani Power. The order involves the Korba Phase-II Thermal Power Project located in Chhattisgarh.

This project encompasses a series of services, including overhauling, erection, testing, commissioning, and providing manpower assistance for the performance guarantee test of the steam generator (SG) for Units 3 and 4.

Following the announcement, Power Mech Projects saw its shares increase by 4.19%, reaching Rs 2,675.45 per share on the BSE.

(With inputs from agencies.)