Power Mech Projects Wins ₹294 Crore Order from Adani Power

Power Mech Projects Secures ₹294 Crore Thermal Power Plant Order from Adani Power

Power Mech Projects Limited (POWERMECH) has bagged a significant ₹294 crore contract from Adani Power Limited (APL) for the Korba Phase-II Thermal Power Project (2×660 MW). The order excludes GST and includes a potential incentive of ₹1.25 crore per unit for timely synchronization.

Key Details of the Order:

• Client: Adani Power Limited (APL)
• Project: Korba Phase-II Thermal Power Project (2×660 MW)
• Scope of Work:
  • Overhauling services
  • Condition assessment
  • Erection, testing, and commissioning
  • Manpower assistance for Performance Guarantee Test of:
    • Steam Generator (SG)
    • Steam Turbine Generator (STG)
    • Auxiliaries for Units 3 and 4
• Timeline:
  • Unit 3: Completion within 12 months from the Notice to Proceed
  • Unit 4: Completion within 18 months from the Notice to Proceed
• Type of Entity: Domestic
• Promoter Interest: POWERMECH’s promoters and related entities have no interest in APL.
• Related Party Transaction: The order is not classified as a related party transaction.

This contract underscores POWERMECH’s expertise in thermal power plant services and strengthens its reputation in the energy sector.