Power Mech Projects stock jumps 10% after winning 5-year Mumbai Monorail operations deal worth ₹296 Cr
News by Aliceblue News Desk
10 Apr 2026
Introduction
Leading engineering and infrastructure services provider secured a ₹296 crore Mumbai Monorail operations and maintenance contract from MMMOCL for five years covering 19.54 km route.
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Share price movement of Power Mech Projects
On April 10, 2026, Power Mech Projects Ltd opened at ₹2,090.65, up 0.39% from its previous close of ₹2,082.60. The stock reached a high of ₹2,295.00 (10.20%) and a low of ₹2,090.65. By 3:34 PM, it traded at ₹2,270.00, a 9.00% increase, with a market cap of ₹7,176.90 crore.
Power Mech Wins Monorail Contract
Power Mech Projects Ltd received a ₹296 crore O&M contract from MMMOCL for Mumbai Monorail operations. The project spans a 19.54 km corridor in Mumbai.
The contract covers operations and maintenance of 17 stations from Sant Gadge Maharaj Chowk to Chembur. It will be executed for a period of five years.
The company will manage rolling stock and CBTC signaling system upgrades. Mumbai Monorail is India’s only straddle monorail system, operational since 2014.
Stock performance of Power Mech Projects for period of 1 week, 6 months, and 1 year
Over the past 1 week, the stock delivered a return of 9.75%. Over the past 6 months, it declined by 22.5%. Over the past 1 year, it fell by 16.4%.
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Shareholding pattern of Power Mech Projects
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 |
| Promoter | 58.40% | 58.30% | 58.30% |
| FII | 6.50% | 6.60% | 7.00% |
| DII | 20.20% | 20.50% | 21.00% |
| Public | 15% | 14.60% | 13.70% |
About Power Mech Projects
Power Mech Projects Ltd (POWERMECH) is an engineering and construction company providing erection, testing, commissioning, civil works, and operations and maintenance for 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.
FAQs
Q: Why is Power Mech Projects Ltd share price rising today?
A: Power Mech Projects Ltd rises after securing ₹296 crore MMMOCL Mumbai Monorail O&M contract for five years operations.
Q: What is Power Mech Projects Ltd’s main business focus?
A: Power Mech Projects Ltd focuses on erection, testing, commissioning, civil works, and power plant operations and maintenance services.
Q: What are the 52-week high and low of Power Mech Projects Ltd stock?
A: Power Mech Projects Ltd 52-week high is ₹3,415.45 and low is ₹1,718.00.
News Author
Aliceblue News Desk
