Power Mech Projects announced that it has secured an order worth Rs 425 crore from Mirzapur Thermal Energy (UP), a wholly owned subsidiary of Adani Power.
The project involves civil works and the erection of prefabricated structural steel for a 2 x 800 MW power project in Mirzapur, Uttar Pradesh, and is to be completed within 30 months from the date of issuance of the notice to proceed.Meanwhile, the company has secured a Rs 972.135 crore order from the National Highways Authority of India for constructing a 49 km, 4-lane bypass in Jharkhand under a hybrid annuity mode. The project is expected to be completed within 24 months.
Hyderabad-based Power Mech Projects is one of the leading infrastructure construction companies.
The company reported a 33.4% jump in consolidated net profit to Rs 82.04 crore on a 20.8% increase in revenue from operations to Rs 1,337.97 crore in Q3 FY25 over Q3 FY24.
The scrip surged 11.64% to end at Rs 2,718.25 on Friday, 28 March 2025.
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