Power Mech Projects Limited Secures Rs 865 Crore Contract from Vedanta Subsidiary

Power Mech Project Receives Contract From Vedanta’s Subsidiary

Hyderabad-based engineering and construction company, Power Mech Projects Limited (PMPL), has recently secured a significant contract worth Rs 865 crore. The contract entails the operation and maintenance (O&M) of a 3X660 MW supercritical thermal power plant, owned by Talwandi Sabo Power Limited, a subsidiary of Vedanta Limited. The project is located in Banawala village, Mansa District, Punjab. This contract adds to PMPL’s already impressive order book, which stood at Rs 57,085 crore as of June 30, 2024, including MDO projects.

The contract will span five years starting from November 1, 2024, strengthening PMPL’s position in the power and infrastructure sectors. The company continues to expand its operations both domestically and internationally, with a diverse portfolio covering sectors like railways, mining, and steel. The addition of this project from Vedanta reinforces its leadership in the power plant O&M sector, setting the stage for continued growth and success in the coming years.

About Power Mech Projects 

Power Mech Projects Limited (PMPL), a Hyderabad-based company renowned for its engineering and construction prowess, has once again demonstrated its expertise by securing a new order worth Rs 865 crore. This fresh contract involves the operation and maintenance (O&M) of a 3X660 MW supercritical thermal power plant operated by Talwandi Sabo Power Limited, a subsidiary of Vedanta Limited. The plant is located in Banawala village, Mansa District, Punjab.

This is no ordinary deal. It significantly boosts PMPL’s already diverse portfolio, which spans power, railways, transmission & distribution, mining, steel, and process industries, among others. As of June 30, 2024, the company reported an impressive order book of Rs 57,085 crore, and this new contract only strengthens its position further.

A Vital Addition to PMPL’s Expanding Portfolio

The contract, which will last for five years starting from November 1, 2024, highlights PMPL’s leadership in handling complex power plant projects. The supercritical thermal power plant at Talwandi Sabo requires specialized maintenance to ensure peak operational efficiency, and PMPL has the expertise to manage such a challenging task.

PMPL has built a strong reputation for delivering large-scale projects for some of the biggest names in the power industry, including Bharat Heavy Electricals Limited (BHEL), NTPC Limited, and several independent power producers (IPPs). The addition of Talwandi Sabo Power Limited to its clientele further cement PMPL’s status as a trusted partner in the industry.

Diversifying Beyond Power

While power and infrastructure remain at the core of PMPL’s operations, the company has successfully diversified into various other sectors. These include railways, mining, steel, and the process industry, along with specialized projects like cross-country pipe laying and operations & maintenance of power plants.

PMPL also has a strong international presence, with subsidiaries and joint ventures in the Middle East, South Asia, and Africa, which underscores its global ambitions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.