Power Mech Projects has secured an order valued at ₹266.26 Crores from Adani Infrastructure Management Services Limited for Operations and Maintenance services. The contract involves providing KPI-based services at a 2x300MW Thermal Power Plant located in Butibori, Maharashtra, India. This domestic order was awarded under Regulation 30 and disclosed on June 3, 2026.

Order Details

The scope of work encompasses the Operations and Maintenance of the thermal power facility. The order size is ₹266.26 Crores, exclusive of Goods and Services Tax (GST). The execution period is set for 60 months, commencing from July 1, 2026, and concluding on June 30, 2031.

The company confirmed that the order is from a domestic entity and that neither the promoter group nor group companies hold any interest in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

Power Mech Projects Limited has announced its financial results for the fourth quarter of the fiscal year 2026. The company reported a strong performance with revenue from operations reaching INR 2,111 crore, registering a 14% year-over-year increase. This growth was supported by sustained execution in core segments and the ramp-up of operations on newly secured orders, although administrative delays in the water division impacted the overall momentum.

For the quarter ended March 31, 2026, EBITDA stood at INR 237 crore, reflecting a YoY growth of 2% with margins at 11.17%. Profit After Tax (PAT) for the quarter was INR 153 crore. On an annual basis, Revenue from Operations for FY26 reached INR 6,062 crore, marking a 16% YoY increase, while EBITDA grew 16% YoY to INR 750 crore with a margin of 12.3%.

The company secured total order inflows of INR 7,210 crore during FY26. While this was lower than expectations due to the cancellation of a BESS order by WBSEDCL, the total order backlog (including MDO) as of March 31, 2026, stood at INR 55,151 crore. This provides strong execution visibility over the medium term. A major milestone during the year was the award of the Balance of Plant EPC package for the 1 × 800 MW Singareni thermal power project from BHEL.

Financial Performance Summary

Segment-wise, revenue from Erection works was INR 305 crore, O&M was INR 557 crore, Civil works was INR 945 crore, EPC was INR 78 crore, and MDO contributed INR 226 crore in Q4 FY26. The management expressed optimism for FY27, focusing on disciplined execution, improving profitability, and targeting order inflows through increased participation in BOP EPC packages, O&M contracts, and energy infrastructure projects.

Conference Call Update

Power Mech Projects Limited has submitted the recordings of the conference call held on May 22, 2026, to discuss the financial performance for the quarter and year ending March 31, 2026. The recording has been uploaded to the designated link for shareholder access.