Power Mech Projects Limited (NSE: POWERMECH) has announced a major boost to its order book, securing two large-scale domestic contracts worth a combined total of over ₹1,005 Crore. The news, released on February 18, 2026, has already sparked a positive reaction in the markets, with shares jumping over 5.5% following the disclosure.
These significant wins come from subsidiaries of Adani Power Limited, further strengthening the long-term partnership between the two energy giants.
Breaking Down the ₹1,005 Crore Win
The total value is split across two major thermal power projects, both involving specialized services for Ultra Supercritical Thermal Power plants.
| Project Site | Awarding Entity | Contract Value |
| Mirzapur Phase-I | Mirzapur Thermal Energy (UP) Private Ltd | ₹515 Crore |
| Mahan Phase-III | Mahan Energen Limited | ₹490 Crore |
Values exclude GST, other applicable taxes, and cess.
Scope of Work: Specialized EPC Services
The nature of these contracts highlights Power Mech’s expertise in the Erection, Testing, and Commissioning (ETC) space. The scope for both projects includes:
Erection, Testing, and Commissioning of Steam Generators (SG) (Package A) and Steam Turbine Generators (STG) (Package B).
Onsite services and manpower assistance for Performance Guarantee Tests.
Work on Unit 1 and 2 of the $2\times800$ MW Mirzapur project and Unit 1 and 2 of the $2\times800$ MW Mahan project.
Execution Timeline: Both projects are slated for completion within 36 months from the required erection start date, as notified in the Notice to Proceed (NTP).
Strategic Impact and Market Reaction
This announcement is a significant milestone for Power Mech Projects as it pursues its ambitious ₹10,000 crore order inflow target for FY2026. Before these wins, the company had already secured fresh orders worth ₹6,761 crore in the first three quarters, achieving approximately 68% of its annual goal.
The market responded with immediate optimism:
Stock Surge: Shares rose 5.7% to hit a day-high of ₹2,204 apiece following the filing.
Revenue Visibility: These 36-month contracts provide strong revenue visibility through 2029.
Governance: The company confirmed that these orders are not related party transactions and that the promoter group holds no interest in the awarding entities.
About Power Mech Projects Limited
Celebrating 25 years of operations, Power Mech Projects Limited is an ISO-certified integrated power infrastructure services company based in Hyderabad. The company continues to focus on disciplined execution and expanding its participation in complex EPC and energy infrastructure packages.