Power Mech Projects bags ₹709 crore Adani Group contract; stock jumps 5.5%Power Mech Projects bags ₹709 crore Adani Group contract; stock jumps 5.5%

Introduction

Leading engineering and power solutions firm secured a ₹709.56 crore contract from Adani Group for operations, maintenance, and overhauling at the 5x660MW Tiroda Thermal Power Plant.

Also Read: Data Patterns (India): Stock moves up after ₹288 Cr radar order from IMD, details inside

Share price movement of Power Mech

On March 17, 2026, Power Mech Projects Ltd opened at ₹1,961.05, up 3.76% from its previous close of ₹1,890.35. The stock reached a high of ₹1,987.40 (5.11%) and a low of ₹1,911.35 (1.13%). By 11:22 AM, it traded at ₹1,914.60, a 1.28% increase, with a market cap of ₹6,053.26 crore.

Power Mech Secures ₹710 Crore Adani Order

Power Mech Projects Limited secured a large-scale order from Adani Infrastructure Management Services, part of the Adani Group. The contract is for operations and maintenance at Tiroda Thermal Power Plant.

The order covers KPI-based operations, maintenance, and overhauling services at the 5x660MW Tiroda plant in Maharashtra. Work will follow detailed tender documents and subsequent clarifications.

The contract is domestic and will be executed over 60 months, from 1 April 2026 to 31 March 2031. The total order size is ₹709.56 crore, inclusive of all taxes.

Stock performance of Power Mech for period of 1 week, 6 months, and 1 year

Power Mech Projects Ltd delivered a 1-week return of -5.31%, a 6-month return of -36.7%, and a 1-year return of -7.61%.

Also Read: Adani Power secures 25-year deal to supply 1,600 MW power from MSEDCL, stock jumps 5%

Shareholding pattern of Power Mech

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	58%	58%	58%
FII	7%	7%	5%
DII	20.50%	21.00%	23.30%
Public	14.60%	13.70%	13.30%

About Power Mech

Power Mech Projects Ltd (NSE: POWERMECH), founded in 1999, provides engineering, construction, and O&M services for boilers, turbines, generators, and ultra mega and thermal power projects.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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