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.
