Power Mech Projects has secured a new order worth ₹1,008.90 crore from JSW Thermal Energy Limited to undertake civil and structural works at a thermal power facility in West Bengal. The contract, which is inclusive of GST, covers the BTG Area for a 2x800 MW Thermal Power Project located in Salboni. This domestic order is expected to be executed within 36 months from the effective date of commencement of works.

The disclosure was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing confirms that neither the promoter group nor group companies hold any interest in the entity awarding the contract. Furthermore, the transaction does not qualify as a related party transaction.

Order Details

The following table outlines the key details of the order:

Power Mech Projects Limited has strengthened its governance framework by appointing Mrs. Vasundhara Sinha as a Non-Executive Independent Director, effective June 20, 2026. The appointment, approved by the Board via a circular resolution, adds significant regulatory and administrative expertise to the company's leadership. Sinha, a retired 1988-batch Indian Revenue Service (IRS) officer, brings decades of experience in financial oversight and compliance.

The appointment follows the recommendation of the Nomination and Remuneration Committee and is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The new director will serve for an initial term of two years, subject to the approval of the shareholders. The company has confirmed that Sinha is not related to any of the existing directors on the Board.

Sinha retired as the Principal Chief Commissioner of Income Tax, concluding a distinguished career marked by key leadership roles across major commercial hubs including New Delhi, Mumbai, and Hyderabad. Notably, she served as the Director General of Income Tax (Investigation), overseeing complex regulatory operations in Telangana, Andhra Pradesh, and Odisha. Her background also includes a stint as the Additional Director General of Foreign Trade under the Ministry of Commerce, Government of India.

Professional Profile and Education

The new independent director holds a postgraduate degree in Economics and has attended specialized executive programs at premier institutions globally. Her educational credentials include courses at Harvard University, Syracuse University, the Indian Institute of Management (IIM) Bangalore, and NALSAR University of Law. This diverse academic exposure complements her extensive practical experience in direct taxation and international trade.

The regulatory filing confirms that Sinha has not been debarred from holding the office of director by SEBI or any other authority. The detailed disclosures regarding her appointment were submitted to both the National Stock Exchange of India and BSE Limited.

Appointment Details