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, 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 appointed Mrs. Vasundhara Sinha as a Non-Executive Independent Director, effective June 20, 2026. The Board approved the appointment via a circular resolution based on the recommendation of the Nomination and Remuneration Committee. Sinha, a retired 1988-batch Indian Revenue Service (IRS) officer, brings decades of experience in financial oversight and regulatory compliance to the company's leadership.

The appointment is for an initial term of two years, subject to the approval of the shareholders. The company confirmed that Sinha is not related to any of the existing directors on the Board and has not been debarred from holding the office of director by SEBI or any other authority. The disclosure was submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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, Nagpur, Telangana, Andhra Pradesh, Odisha, and Bihar. Notably, she served as the Director General of Income Tax (Investigation), overseeing complex regulatory operations in Telangana, Andhra Pradesh, and Odisha. She also served 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.

Appointment Details